Brian Scott Smith Sells 2,284 Shares of HNI Co. (NYSE:HNI) Stock

HNI Co. (NYSE:HNI) insider Brian Scott Smith sold 2,284 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total value of $123,336.00. Following the completion of the sale, the insider now directly owns 11,902 shares of the company’s stock, valued at approximately $642,708. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

HNI Trading Down 1.6 %

NYSE HNI opened at $54.64 on Friday. The stock’s fifty day moving average price is $52.41 and its 200-day moving average price is $48.10. The company has a current ratio of 1.20, a quick ratio of 0.73 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.58 billion, a P/E ratio of 40.47, a P/E/G ratio of 1.40 and a beta of 0.84. HNI Co. has a 12 month low of $32.70 and a 12 month high of $56.13.

HNI (NYSE:HNI) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.18. The company had revenue of $623.70 million during the quarter, compared to analyst estimates of $637.74 million. HNI had a net margin of 4.39% and a return on equity of 19.15%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. As a group, equities analysts forecast that HNI Co. will post 3.17 EPS for the current fiscal year.

HNI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.33 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 2.42%. HNI’s dividend payout ratio is presently 97.78%.

Analyst Ratings Changes

A number of research firms have commented on HNI. Benchmark upped their price target on HNI from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com downgraded shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 13th.

Institutional Investors Weigh In On HNI

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its stake in shares of HNI by 3.2% during the 3rd quarter. CWM LLC now owns 7,332 shares of the business services provider’s stock worth $395,000 after acquiring an additional 225 shares during the last quarter. GAMMA Investing LLC grew its holdings in HNI by 51.6% during the third quarter. GAMMA Investing LLC now owns 670 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 228 shares during the period. SummerHaven Investment Management LLC increased its position in HNI by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 27,150 shares of the business services provider’s stock worth $1,222,000 after buying an additional 338 shares in the last quarter. Versor Investments LP raised its stake in shares of HNI by 5.2% in the second quarter. Versor Investments LP now owns 8,100 shares of the business services provider’s stock worth $365,000 after buying an additional 400 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in shares of HNI by 6.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,249 shares of the business services provider’s stock valued at $326,000 after buying an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.