2 weeks Ago By Defense World Staff
Bank of Montreal Can boosted its position in shares of Interface, Inc. ( NASDAQ:TILE – Free Report ) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 21,870 shares of the textile maker’s stock after acquiring an additional 891 shares during the period. Bank of Montreal Can’s holdings in Interface were worth $533,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors and hedge funds have also bought and sold shares of the company.
Vanguard Group Inc. boosted its position in shares of Interface by 4.2% in the 4th quarter.
Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock worth $148,936,000 after purchasing an additional 246,726 shares in the last quarter. American Century Companies Inc.
grew its stake in shares of Interface by 12.3% during the fourth quarter. American Century Companies Inc.
now owns 1,992,296 shares of the textile maker’s stock worth $48,512,000 after acquiring an additional 218,113 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Interface by 0.9% during the third quarter.
Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock valued at $26,031,000 after acquiring an additional 11,931 shares in the last quarter. Prudential Financial Inc. boosted its stake in Interface by 25.
9% in the 4th quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker’s stock worth $16,461,000 after purchasing an additional 139,150 shares in the last quarter.
Finally, Hennessy Advisors Inc. grew its position in Interface by 6.8% during the 4th quarter.
Hennessy Advisors Inc. now owns 608,900 shares of the textile maker’s stock worth $14,827,000 after purchasing an additional 38,900 shares during the last quarter. 98.
34% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of research analysts have issued reports on the stock. StockNews.
com cut shares of Interface from a “buy” rating to a “hold” rating in a report on Friday. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Interface in a research report on Tuesday, April 15th.
Insider Activity In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 103,647 shares in the company, valued at approximately $2,464,725.
66. This represents a 10.76 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Insiders own 2.60% of the company’s stock.
Interface Stock Down 3.8 % TILE stock opened at $17.88 on Tuesday.
The company has a market capitalization of $1.04 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 0.
96 and a beta of 1.93. Interface, Inc.
has a 12 month low of $14.13 and a 12 month high of $27.34.
The firm’s fifty day simple moving average is $19.68 and its 200-day simple moving average is $22.18.
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 ( NASDAQ:TILE – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.
34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05.
The company 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 firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.
41 EPS. As a group, equities research analysts forecast that Interface, Inc. will post 1.
37 earnings per share for the current year. Interface Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.
01 per share. The ex-dividend date was Friday, March 28th. This represents a $0.
04 dividend on an annualized basis and a dividend yield of 0.22%. Interface’s payout ratio is 2.
72%. Interface Company Profile ( Free Report ) 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. See Also Five stocks we like better than Interface What Does Downgrade Mean in Investing? AST SpaceMobile: 5 Reasons to Buy This Tiny Trailblazer Stock Should You Invest in Penny Stocks? Why Call Option Traders Are Targeting This Dividend ETF Now How to Use the MarketBeat Excel Dividend Calculator Is Alphabet Misunderstood? Here’s Why the Bulls Are Buying Want to see what other hedge funds are holding TILE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interface, Inc.
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