First Hawaiian Bank Has $702,000 Stake in Interface, Inc. (NASDAQ:TILE)

First Hawaiian Bank decreased its position in shares of Interface, Inc. (NASDAQ:TILE) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,834 shares of the textile maker’s stock after selling 3,778 shares during the quarter. First Hawaiian Bank’s holdings in Interface were worth $702,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Range Financial Group LLC bought a new position in Interface during the 4th quarter worth $1,293,000. Diversified Trust Co raised its position in Interface by 26.2% during the 4th quarter. Diversified Trust Co now owns 13,223 shares of the textile maker’s stock worth $322,000 after purchasing an additional 2,742 shares during the last quarter. GAMMA Investing LLC raised its position in Interface by 17.5% during the 4th quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock worth $94,000 after purchasing an additional 578 shares during the last quarter. JPMorgan Chase & Co. raised its position in Interface by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,264 shares of the textile maker’s stock worth $2,452,000 after purchasing an additional 23,447 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Interface by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 304,050 shares of the textile maker’s stock worth $5,768,000 after purchasing an additional 16,624 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barrington Research lifted their price objective on Interface from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com lowered Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th.

Interface Stock Performance

Shares of Interface stock opened at $22.80 on Friday. Interface, Inc. has a one year low of $11.48 and a one year high of $27.34. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.27 and a beta of 2.10. The business has a 50-day simple moving average of $25.21 and a 200 day simple moving average of $20.19. 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) last issued its earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $344.30 million during the quarter, compared to analyst estimates of $336.39 million. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Friday, November 29th. Interface’s payout ratio is 2.80%.

Insider Activity at Interface

In other Interface news, VP Stansfield Nigel sold 20,000 shares of Interface stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $24.12, for a total transaction of $482,400.00. Following the completion of the transaction, the vice president now owns 144,355 shares in the company, valued at approximately $3,481,842.60. The trade was a 12.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel T. Hendrix sold 18,000 shares of Interface stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.33, for a total value of $473,940.00. Following the transaction, the director now owns 153,147 shares of the company’s stock, valued at $4,032,360.51. This trade represents a 10.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,675 shares of company stock valued at $2,421,237 in the last three months. Corporate insiders own 2.60% of the company’s stock.

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.