Nuveen Asset Management LLC Has $15.63 Million Stake in Interface, Inc. (NASDAQ:TILE)

Nuveen Asset Management LLC boosted its position in shares of Interface, Inc. (NASDAQ:TILE) by 170.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 641,730 shares of the textile maker’s stock after buying an additional 404,277 shares during the period. Nuveen Asset Management LLC owned approximately 1.10% of Interface worth $15,626,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TILE. Venturi Wealth Management LLC boosted its stake in shares of Interface by 204.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 750 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Interface in the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its stake in shares of Interface by 78.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 546 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 741 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Interface by 163.5% in 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 currently owned by institutional investors and hedge funds.

Interface Stock Down 0.9%

NASDAQ:TILE opened at $19.62 on Monday. The firm’s 50 day simple moving average is $19.46 and its 200 day simple moving average is $22.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. Interface, Inc. has a one year low of $14.13 and a one year high of $27.34. The company has a market cap of $1.15 billion, a PE ratio of 13.72, a P/E/G ratio of 0.96 and a beta of 1.95.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $297.41 million for the quarter, compared to the consensus estimate of $297.11 million. During the same period last year, the company earned $0.24 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.20%. Interface’s dividend payout ratio is presently 2.76%.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the transaction, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TILE. Barrington Research restated an “outperform” rating and issued a $30.00 price target on shares of Interface in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Interface from a “hold” rating to a “buy” rating in a research note on Saturday, May 10th.

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.