Campbell & CO Investment Adviser LLC Has $381,000 Stock Position in Interface, Inc. $TILE

Campbell & CO Investment Adviser LLC cut its position in Interface, Inc. (NASDAQ:TILE) by 65.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,206 shares of the textile maker’s stock after selling 34,363 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Interface were worth $381,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Interface in the 1st quarter worth approximately $15,505,000. Pacer Advisors Inc. bought a new position in Interface in the 1st quarter valued at $8,635,000. CW Advisors LLC acquired a new position in Interface in the first quarter worth $6,208,000. American Century Companies Inc. grew its holdings in shares of Interface by 11.1% during the first quarter. American Century Companies Inc. now owns 2,214,325 shares of the textile maker’s stock worth $43,932,000 after purchasing an additional 222,029 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake 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 buying an additional 206,962 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Insider Activity at Interface

In other Interface news, CFO Bruce Andrew Hausmann sold 25,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $26.95, for a total value of $673,750.00. Following the sale, the chief financial officer directly owned 145,403 shares in the company, valued at approximately $3,918,610.85. This trade represents a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP James Poppens sold 5,000 shares of Interface stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $26.14, for a total transaction of $130,700.00. Following the transaction, the vice president directly 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 SEC filing for this sale provides additional information. 2.30% of the stock is currently owned by corporate insiders.

Interface Stock Down 0.3%

Shares of Interface stock opened at $25.94 on Monday. The business has a fifty day simple moving average of $27.52 and a 200 day simple moving average of $24.12. The stock has a market cap of $1.51 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.04 and a beta of 2.07. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $30.20.

Interface (NASDAQ:TILE) last issued its earnings results on Friday, October 31st. The textile maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.15. The firm had revenue of $364.53 million for the quarter, compared to analysts’ expectations of $358.19 million. Interface had a return on equity of 18.97% and a net margin of 7.08%.The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. Interface has set its FY 2025 guidance at EPS. Research analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, November 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.3%. Interface’s payout ratio is currently 4.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TILE. Zacks Research upgraded shares of Interface from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Wall Street Zen cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Barrington Research restated an “outperform” rating and issued a $32.00 price objective on shares of Interface in a research report on Friday, October 31st. Finally, Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, Interface currently has a consensus rating of “Buy” and a consensus price target of $32.00.

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.