Barrow Hanley Mewhinney & Strauss LLC Has $42.47 Million Position in Interface, Inc. (NASDAQ:TILE)

Barrow Hanley Mewhinney & Strauss LLC raised its stake in Interface, Inc. (NASDAQ:TILE) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,892,968 shares of the textile maker’s stock after acquiring an additional 31,224 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 4.97% of Interface worth $42,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TILE. First Eagle Investment Management LLC acquired a new stake in shares of Interface during the first quarter worth $2,027,000. SG Americas Securities LLC boosted its stake in Interface by 1,195.5% in the 2nd quarter. SG Americas Securities LLC now owns 84,647 shares of the textile maker’s stock worth $1,243,000 after purchasing an additional 78,113 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Interface by 182.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 130,020 shares of the textile maker’s stock worth $2,187,000 after acquiring an additional 83,932 shares during the last quarter. Inspire Investing LLC bought a new stake in Interface during the 1st quarter worth about $859,000. Finally, Victory Capital Management Inc. grew its stake in Interface by 107.2% in the second quarter. Victory Capital Management Inc. now owns 182,620 shares of the textile maker’s stock valued at $2,681,000 after purchasing an additional 94,499 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TILE. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price target on shares of Interface in a report on Friday. StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

Insider Buying and Selling

In other news, VP Stansfield Nigel sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $16.44, for a total value of $287,700.00. Following the transaction, the vice president now owns 164,355 shares in the company, valued at approximately $2,701,996.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Stansfield Nigel sold 17,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $16.44, for a total value of $287,700.00. Following the transaction, the vice president now owns 164,355 shares in the company, valued at $2,701,996.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel T. Hendrix sold 3,555 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $17.53, for a total value of $62,319.15. Following the completion of the transaction, the director now directly owns 191,147 shares in the company, valued at $3,350,806.91. The disclosure for this sale can be found here. Insiders have sold a total of 125,858 shares of company stock valued at $2,091,604 over the last ninety days. 2.60% of the stock is owned by company insiders.

Interface Stock Down 0.2 %

Shares of NASDAQ:TILE opened at $18.97 on Monday. Interface, Inc. has a 52-week low of $8.26 and a 52-week high of $19.45. The company has a market capitalization of $1.10 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.94 and a beta of 1.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.76. The company has a fifty day moving average of $17.57 and a 200-day moving average of $16.28.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. Interface had a return on equity of 18.42% and a net margin of 5.20%. The firm had revenue of $346.60 million during the quarter, compared to the consensus estimate of $340.21 million. During the same period last year, the company earned $0.25 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict that Interface, Inc. will post 1.28 EPS for the current fiscal year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. Interface’s dividend payout ratio (DPR) is 3.96%.

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.