7,833 Shares in HNI Co. (NYSE:HNI) Acquired by Royce & Associates LP

Royce & Associates LP purchased a new position in HNI Co. (NYSE:HNI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,833 shares of the business services provider’s stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also modified their holdings of HNI. Smartleaf Asset Management LLC grew its holdings in shares of HNI by 85.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider’s stock worth $28,000 after acquiring an additional 258 shares during the period. Icon Wealth Advisors LLC acquired a new stake in shares of HNI in the 3rd quarter worth approximately $84,000. Vestcor Inc acquired a new stake in shares of HNI in the 4th quarter worth approximately $176,000. Longboard Asset Management LP acquired a new stake in shares of HNI in the 4th quarter worth approximately $213,000. Finally, Contravisory Investment Management Inc. grew its holdings in shares of HNI by 5.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,501 shares of the business services provider’s stock worth $227,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Insiders Place Their Bets

In other HNI news, insider Brian Scott Smith sold 556 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $49.90, for a total transaction of $27,744.40. Following the transaction, the insider now owns 14,394 shares of the company’s stock, valued at $718,260.60. This represents a 3.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut HNI from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

HNI Price Performance

Shares of NYSE:HNI opened at $43.29 on Friday. The business’s fifty day moving average price is $47.66 and its two-hundred day moving average price is $51.05. The stock has a market cap of $2.04 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.10. HNI Co. has a one year low of $40.94 and a one year high of $58.42.

HNI (NYSE:HNI) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The firm had revenue of $642.50 million for the quarter, compared to analysts’ expectations of $657.03 million. HNI had a return on equity of 18.27% and a net margin of 5.52%. On average, analysts forecast that HNI Co. will post 3.6 EPS for the current fiscal year.

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Monday, February 24th. HNI’s dividend payout ratio is presently 45.67%.

HNI Profile

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.