Interface, Inc. $TILE Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS trimmed its holdings in Interface, Inc. (NASDAQ:TILE) by 13.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,400 shares of the textile maker’s stock after selling 1,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Interface were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Interface by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,159,773 shares of the textile maker’s stock valued at $122,210,000 after purchasing an additional 43,309 shares in the last quarter. Congress Asset Management Co. boosted its holdings in shares of Interface by 9.1% in the second quarter. Congress Asset Management Co. now owns 2,473,541 shares of the textile maker’s stock valued at $51,771,000 after acquiring an additional 206,962 shares during the period. American Century Companies Inc. boosted its holdings in shares of Interface by 11.1% in the first quarter. American Century Companies Inc. now owns 2,214,325 shares of the textile maker’s stock valued at $43,932,000 after acquiring an additional 222,029 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of Interface by 15.0% in the first quarter. GW&K Investment Management LLC now owns 1,183,961 shares of the textile maker’s stock valued at $23,490,000 after acquiring an additional 154,872 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Interface in the first quarter valued at approximately $15,505,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $32.00 price objective on shares of Interface in a report on Wednesday, October 15th. Zacks Research downgraded Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings downgraded Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Interface from a “strong-buy” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.00.

Interface Price Performance

Interface stock opened at $27.75 on Tuesday. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $30.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.88 and a quick ratio of 1.59. The business has a 50 day simple moving average of $27.61 and a 200-day simple moving average of $23.01. The stock has a market capitalization of $1.62 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.07 and a beta of 2.07.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.47 by $0.13. Interface had a return on equity of 18.97% and a net margin of 7.08%.The business had revenue of $375.52 million during the quarter, compared to analysts’ expectations of $360.57 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.02 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.3%. Interface’s dividend payout ratio is presently 4.94%.

Insiders Place Their Bets

In other Interface news, VP James Poppens sold 5,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $26.14, for a total value of $130,700.00. Following the completion of the transaction, the vice president owned 124,616 shares in the company, valued at approximately $3,257,462.24. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $26.95, for a total value of $673,750.00. Following the completion of the transaction, the chief financial officer owned 145,403 shares of the company’s stock, valued at $3,918,610.85. The trade was a 14.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,497 shares of company stock worth $2,839,573. 2.60% of the stock is owned by corporate 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.