HNI Corporation (NYSE:HNI - Get Free Report) CEO Jeffrey Lorenger sold 7,508 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $50.06, for a total transaction of $375,850.48. Following the sale, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,433,409.40. The trade was a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HNI Stock Performance
HNI opened at $49.03 on Friday. The firm has a market cap of $3.54 billion, a P/E ratio of 544.84, a PEG ratio of 0.59 and a beta of 0.91. HNI Corporation has a 1-year low of $28.93 and a 1-year high of $52.79. The company has a 50 day simple moving average of $43.86 and a two-hundred day simple moving average of $39.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88.
HNI (NYSE:HNI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The company's revenue for the quarter was up 120.7% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities analysts forecast that HNI Corporation will post 4.24 earnings per share for the current fiscal year.
HNI Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 28th. HNI's dividend payout ratio is presently 1,555.56%.
Institutional Investors Weigh In On HNI
A number of hedge funds have recently made changes to their positions in the company. Burnham & Co LLC purchased a new position in HNI during the 2nd quarter valued at approximately $4,024,000. Oxford Financial Group LTD. LLC bought a new stake in HNI in the 2nd quarter worth approximately $2,574,000. Front Street Capital Management Inc. purchased a new stake in shares of HNI during the 2nd quarter worth approximately $23,462,000. Deutsche Bank AG bought a new position in shares of HNI during the 2nd quarter valued at approximately $2,994,000. Finally, Medina Value Partners LLC bought a new position in shares of HNI during the 2nd quarter valued at approximately $10,242,319. 75.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently commented on HNI. Benchmark restated a "buy" rating on shares of HNI in a research report on Wednesday, July 15th. Weiss Ratings upgraded HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company set a $65.00 target price on HNI in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, HNI currently has a consensus rating of "Moderate Buy" and an average price target of $65.00.
View Our Latest Stock Analysis on HNI
About HNI
(
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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