Teacher Retirement System of Texas acquired a new stake in Interface, Inc. (NASDAQ:TILE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,252 shares of the textile maker’s stock, valued at approximately $534,000.
Several other hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Interface by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,143,358 shares of the textile maker’s stock valued at $46,939,000 after acquiring an additional 31,189 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Interface by 26.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,400,976 shares of the textile maker’s stock valued at $30,681,000 after acquiring an additional 297,389 shares in the last quarter. Wedge Capital Management L L P NC increased its position in Interface by 2.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 803,417 shares of the textile maker’s stock worth $20,206,000 after buying an additional 23,010 shares during the period. Chartwell Investment Partners LLC bought a new position in Interface in the 3rd quarter worth approximately $13,643,000. Finally, Walthausen & Co. LLC increased its position in Interface by 7.2% in the 3rd quarter. Walthausen & Co. LLC now owns 616,290 shares of the textile maker’s stock worth $13,497,000 after buying an additional 41,520 shares during the period. 94.58% of the stock is currently owned by institutional investors and hedge funds.
Interface, Inc. (NASDAQ:TILE) opened at $25.30 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 2.44 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1,521.99, a P/E ratio of 29.76 and a beta of 1.26. Interface, Inc. has a 1 year low of $17.83 and a 1 year high of $26.25.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 8th. Interface’s dividend payout ratio is currently 30.59%.
Several research analysts have commented on the company. Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, February 27th. ValuEngine raised Interface from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub downgraded Interface from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Interface has a consensus rating of “Buy” and a consensus target price of $26.33.
Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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. (NASDAQ:TILE).
Receive News & Ratings for Interface Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface and related companies with MarketBeat.com's FREE daily email newsletter.