Interface (NASDAQ:TILE) CFO Bruce Andrew Hausmann Sells 50,000 Shares

Interface, Inc. (NASDAQ:TILE) CFO Bruce Andrew Hausmann sold 50,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.66, for a total transaction of $1,483,000.00. Following the completion of the transaction, the chief financial officer directly owned 119,256 shares in the company, valued at approximately $3,537,132.96. This represents a 29.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Interface Stock Performance

Interface stock traded down $0.28 during trading hours on Friday, hitting $29.62. The company had a trading volume of 742,139 shares, compared to its average volume of 530,957. The firm has a market cap of $1.72 billion, a PE ratio of 13.84, a PEG ratio of 0.94 and a beta of 1.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 1.16. Interface, Inc. has a one year low of $19.66 and a one year high of $35.11. The firm has a 50-day moving average of $27.23 and a 200 day moving average of $28.68.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. The firm had revenue of $331.04 million for the quarter, compared to analysts’ expectations of $320.38 million. Interface had a net margin of 8.92% and a return on equity of 20.09%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. On average, sell-side analysts expect that Interface, Inc. will post 2.11 earnings per share for the current year.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. Interface’s dividend payout ratio (DPR) is currently 5.61%.

Institutional Trading of Interface

Several large investors have recently made changes to their positions in TILE. Westover Capital Advisors LLC acquired a new stake in Interface in the fourth quarter valued at approximately $1,744,000. American Century Companies Inc. boosted its position in Interface by 5.5% in the third quarter. American Century Companies Inc. now owns 2,412,549 shares of the textile maker’s stock valued at $69,819,000 after buying an additional 126,263 shares in the last quarter. Congress Asset Management Co. boosted its position in Interface by 3.3% in the fourth quarter. Congress Asset Management Co. now owns 2,629,174 shares of the textile maker’s stock valued at $73,407,000 after buying an additional 84,793 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Interface by 43.4% in the third quarter. JPMorgan Chase & Co. now owns 289,092 shares of the textile maker’s stock valued at $8,366,000 after buying an additional 87,462 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Interface by 2,333.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 280,986 shares of the textile maker’s stock valued at $7,845,000 after buying an additional 269,439 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on TILE shares. Weiss Ratings raised shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Wall Street Zen raised shares of Interface from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Barrington Research reaffirmed an “outperform” rating and set a $36.00 target price on shares of Interface in a report on Friday, April 17th. Finally, Benchmark started coverage on shares of Interface in a report on Tuesday, May 19th. They set a “buy” rating and a $36.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.