Summit Global Investments Sells 17,575 Shares of Interface, Inc. $TILE

Posted by Geri Gentry on Nov 3rd, 2026

Summit Global Investments lessened its holdings in shares of Interface, Inc. (NASDAQ:TILE – Free Report) by 46.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,555 shares of the textile maker’s stock after selling 17,575 shares during the period. Summit Global Investments’ holdings in Interface were worth $707,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Interface during the 2nd quarter worth $338,055,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Interface in the second quarter valued at about $66,077,000. Reynders McVeigh Capital Management LLC raised its stake in Interface by 11.4% in the second quarter. Reynders McVeigh Capital Management LLC now owns 489,736 shares of the textile maker’s stock valued at $17,552,000 after buying an additional 50,054 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Interface in the second quarter valued at about $16,508,000. Finally, Renaissance Technologies LLC boosted its holdings in Interface by 107.6% in the first quarter. Renaissance Technologies LLC now owns 460,156 shares of the textile maker’s stock worth $11,467,000 after acquiring an additional 238,515 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, VP David B. Foshee sold 28,451 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $35.99, for a total transaction of $1,023,951.49. Following the sale, the vice president directly owned 146,563 shares of the company’s stock, valued at approximately $5,274,802.37. This trade represents a 16.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laurel Hurd sold 7,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $39.09, for a total value of $273,630.00. Following the sale, the chief executive officer directly owned 506,978 shares in the company, valued at $19,817,770.02. This represents a 1.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,621 shares of company stock worth $2,378,904 over the last three months. Company insiders own 2.47% of the company’s stock.

Interface Price Performance

Shares of NASDAQ:TILE opened at $38.42 on Tuesday. Interface, Inc. has a twelve month low of $24.40 and a twelve month high of $40.50. The company has a current ratio of 2.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.23 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.01 and a beta of 1.99. The company’s 50 day moving average is $35.78 and its 200 day moving average is $32.18.

Interface (NASDAQ:TILE – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The textile maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.64 by $0.24. The business had revenue of $395.70 million during the quarter, compared to analysts’ expectations of $391.22 million. Interface had a net margin of 10.10% and a return on equity of 21.77%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. On average, sell-side analysts forecast that Interface, Inc. will post 2.36 EPS for the current year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Interface’s dividend payout ratio (DPR) is 4.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TILE shares. Weiss Ratings lowered Interface from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, October 27th. Wall Street Zen downgraded shares of Interface from a “buy” rating to a “hold” rating in a report on Saturday. Barrington Research increased their price objective on shares of Interface from $36.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Check Out Our Latest Research Report on Interface

About Interface

(Free Report)

Interface, Inc designs and manufactures modular flooring products for commercial, institutional and residential interiors. Its portfolio includes carpet tile, broadloom carpet and resilient flooring, including luxury vinyl tile. The company serves markets such as corporate offices, hospitality, education, healthcare and retail.

Founded in 1973 by Ray Anderson, Interface is headquartered in Atlanta, Georgia, and sells its products through a global network serving customers in North America, Europe and the Asia-Pacific region.