Segall Bryant & Hamill LLC Raises Holdings in Interface, Inc. (NASDAQ:TILE)

Segall Bryant & Hamill LLC boosted its stake in Interface, Inc. (NASDAQ:TILE) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 325,250 shares of the textile maker’s stock after buying an additional 2,423 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.56% of Interface worth $6,170,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TILE. Vanguard Group Inc. boosted its stake in shares of Interface by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,298,736 shares of the textile maker’s stock valued at $89,125,000 after acquiring an additional 43,184 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Interface by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,892,968 shares of the textile maker’s stock worth $42,469,000 after purchasing an additional 31,224 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Interface by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock worth $39,507,000 after buying an additional 247,350 shares in the last quarter. American Century Companies Inc. raised its position in shares of Interface by 22.3% in the second quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock valued at $22,951,000 after buying an additional 285,353 shares during the last quarter. Finally, Meros Investment Management LP lifted its stake in shares of Interface by 1.5% during the second quarter. Meros Investment Management LP now owns 698,305 shares of the textile maker’s stock valued at $10,251,000 after buying an additional 10,616 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Interface Trading Down 1.0 %

Shares of TILE stock opened at $25.21 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface, Inc. has a fifty-two week low of $9.87 and a fifty-two week high of $26.11. The firm’s 50 day moving average price is $20.37 and its two-hundred day moving average price is $17.67. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.97.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.14. The firm had revenue of $344.30 million during the quarter, compared to the consensus estimate of $336.39 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Friday, November 29th. Interface’s dividend payout ratio is presently 2.80%.

Analyst Ratings Changes

Several analysts have commented on TILE shares. StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th. Barrington Research upped their price objective on shares of Interface from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Insider Buying and Selling at Interface

In other news, VP Stansfield Nigel sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total value of $482,400.00. Following the completion of the transaction, the vice president now directly owns 144,355 shares in the company, valued at approximately $3,481,842.60. This represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

Interface Company 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.