Key Points
- CEO Jeffrey Lorenger sold 700 HNI shares at an average price of $50.01, generating $35,007. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct stake by 0.47% to 148,490 shares.
- HNI reported quarterly earnings of $1.27 per share, exceeding the $1.04 analyst consensus, while revenue rose 120.7% year over year to $1.47 billion. The company issued fiscal 2026 EPS guidance of $4.15 to $4.33.
- HNI declared a quarterly dividend of $0.35 per share, equivalent to an annualized $1.40 payout and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $65.
HNI Corporation (NYSE:HNI - Get Free Report) CEO Jeffrey Lorenger sold 700 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $50.01, for a total transaction of $35,007.00. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares of the company's stock, valued at $7,425,984.90. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HNI Price Performance
HNI stock opened at $49.72 on Thursday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 552.51, a P/E/G ratio of 0.59 and a beta of 0.91. 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 50 day simple moving average of $43.28 and a 200 day simple moving average of $39.45. 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 posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company's revenue was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Research analysts anticipate that HNI Corporation will post 4.24 EPS for the current fiscal year.
HNI Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $0.35 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.40 annualized dividend and a yield of 2.8%. HNI's dividend payout ratio (DPR) is currently 1,555.56%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of HNI in the 3rd quarter valued at $28,000. Nykredit A S bought a new position in HNI during the second quarter worth $36,000. Allworth Financial LP acquired a new position in HNI in the second quarter valued at $50,000. Public Employees Retirement System of Ohio bought a new stake in HNI during the second quarter valued at $78,000. Finally, denkapparat Operations GmbH bought a new stake in HNI during the second quarter valued at $227,000. Institutional investors and hedge funds own 75.26% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. Benchmark reaffirmed a "buy" rating on shares of HNI in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price target on shares of HNI in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $65.00.
Get Our Latest Research Report on HNI
HNI Company Profile
(
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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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