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

Segall Bryant & Hamill LLC decreased its position in shares of Interface, Inc. (NASDAQ:TILE) by 44.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,979 shares of the textile maker’s stock after selling 143,271 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.31% of Interface worth $4,431,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock worth $148,936,000 after acquiring an additional 246,726 shares in the last quarter. Barclays PLC boosted its stake in shares of Interface by 688.5% during the third quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock valued at $4,873,000 after purchasing an additional 224,395 shares in the last quarter. Weiss Asset Management LP purchased a new position in Interface during the third quarter valued at approximately $4,206,000. American Century Companies Inc. raised its stake in Interface by 12.3% in the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker’s stock worth $48,512,000 after buying an additional 218,113 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Interface by 25.9% during the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker’s stock worth $16,461,000 after buying an additional 139,150 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Interface Trading Up 0.7 %

NASDAQ TILE opened at $20.38 on Friday. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The company has a 50 day moving average price of $21.59 and a 200 day moving average price of $22.10. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.19 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18.

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

Interface Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date is Friday, March 28th. Interface’s dividend payout ratio is presently 2.72%.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the completion of the sale, the director now directly owns 103,647 shares in the company, valued at $2,464,725.66. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 32,500 shares of company stock worth $748,125. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TILE. StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Barrington Research reiterated an “outperform” rating and issued a $30.00 target price on shares of Interface in a research note on Tuesday, February 25th.

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.