Invesco Ltd. Reduces Holdings in Interface, Inc. (NASDAQ:TILE)

Invesco Ltd. trimmed its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,274,152 shares of the textile maker's stock after selling 206,404 shares during the quarter. Invesco Ltd. owned approximately 2.19% of Interface worth $31,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Venturi Wealth Management LLC grew its stake in Interface by 204.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after acquiring an additional 750 shares in the last quarter. Huntington National Bank bought a new position in Interface in the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its holdings in Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after purchasing an additional 546 shares during the period. Principal Securities Inc. increased its holdings in Interface by 103.1% during the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after purchasing an additional 741 shares during the period. Finally, US Bancorp DE raised its position in Interface by 163.5% during the 4th quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock valued at $58,000 after purchasing an additional 1,488 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

Interface Stock Up 3.6 %

NASDAQ:TILE traded up $0.65 during trading hours on Wednesday, reaching $18.82. The company's stock had a trading volume of 89,934 shares, compared to its average volume of 517,125. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The company has a market capitalization of $1.10 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. The stock has a 50 day moving average price of $19.58 and a two-hundred day moving average price of $22.15. Interface, Inc. has a 12 month low of $14.13 and a 12 month high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. During the same period in the prior year, the business posted $0.41 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Friday, March 28th. Interface's payout ratio is currently 2.72%.

Analyst Ratings Changes

TILE has been the topic of a number of recent research reports. StockNews.com downgraded Interface from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Interface in a research report on Tuesday, April 15th.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the transaction, the director now directly owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.

Interface Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.