Key Points
- HNI CEO Jeffrey Lorenger sold 45,850 shares for approximately $2.18 million under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 23.59% to 148,490 shares.
- HNI reported quarterly EPS of $1.27, beating analyst estimates of $1.04, while revenue rose 120.7% year over year to $1.47 billion. The company issued fiscal 2026 EPS guidance of $4.15–$4.33.
- The company raised its quarterly dividend to $0.35, or $1.40 annually, representing a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with a $65 price target, compared with the stock’s reported $48.55 opening price.
HNI Corporation (NYSE:HNI - Get Free Report) CEO Jeffrey Lorenger sold 45,850 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $47.55, for a total transaction of $2,180,167.50. Following the completion of the transaction, the chief executive officer owned 148,490 shares in the company, valued at $7,060,699.50. This represents a 23.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HNI Stock Up 0.2%
Shares of HNI stock opened at $48.55 on Thursday. The business has a 50-day moving average of $38.13 and a 200-day moving average of $39.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. The company has a market capitalization of $3.46 billion, a PE ratio of 539.45, a P/E/G ratio of 0.57 and a beta of 0.91. HNI Corporation has a 1-year low of $28.93 and a 1-year high of $52.79.
HNI (NYSE:HNI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.04 by $0.23. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.The company's revenue was up 120.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, equities analysts forecast that HNI Corporation will post 4.24 EPS for the current fiscal year.
HNI Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from HNI's previous quarterly dividend of $0.34. HNI's dividend payout ratio is currently 1,555.56%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. Benchmark reiterated a "buy" rating on shares of HNI in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price objective on shares of HNI in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $65.00.
Read Our Latest Report on HNI
Institutional Trading of HNI
Hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund increased its position in HNI by 31.7% in the fourth quarter. New York State Common Retirement Fund now owns 21,301 shares of the business services provider's stock worth $895,000 after buying an additional 5,125 shares during the period. Entropy Technologies LP bought a new position in shares of HNI during the third quarter worth about $676,000. State of Tennessee Department of Treasury grew its position in shares of HNI by 14.2% during the second quarter. State of Tennessee Department of Treasury now owns 31,132 shares of the business services provider's stock worth $1,531,000 after acquiring an additional 3,866 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of HNI by 23.6% in the 1st quarter. Intech Investment Management LLC now owns 36,698 shares of the business services provider's stock worth $1,628,000 after acquiring an additional 7,000 shares during the period. Finally, Jane Street Group LLC bought a new stake in HNI in the 1st quarter valued at about $10,301,000. Institutional investors own 75.26% of the company's stock.
HNI Company Profile
(
Get Free Report)
HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI's Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.
In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.
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