Key Points
- CEO Jeffrey Lorenger sold 1,504 HNI shares at an average price of $50, generating $75,200. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 148,490 shares.
- HNI reported quarterly earnings of $1.27 per share, exceeding estimates of $1.04, while revenue reached $1.47 billion and rose 120.7% year over year. The company maintained fiscal 2026 EPS guidance of $4.15 to $4.33.
- HNI declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 3.0% yield. Analysts have a “Moderate Buy” consensus rating with a $65 price target, compared with the stock’s $47.42 opening price.
HNI Corporation (NYSE:HNI - Get Free Report) CEO Jeffrey Lorenger sold 1,504 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $50.00, for a total transaction of $75,200.00. Following the completion of the transaction, the chief executive officer owned 148,490 shares of the company's stock, valued at approximately $7,424,500. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HNI Stock Down 2.1%
HNI stock opened at $47.42 on Wednesday. The stock has a fifty day simple moving average of $44.41 and a two-hundred day simple moving average of $39.36. HNI Corporation has a 12 month low of $28.93 and a 12 month high of $52.79. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 526.95, a PEG ratio of 0.57 and a beta of 0.92. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.
HNI (NYSE:HNI - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 firm's quarterly revenue was up 120.7% on a year-over-year basis. During the same period in the previous year, the company earned $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 predict that HNI Corporation will post 4.24 EPS for the current fiscal year.
HNI Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, August 28th. HNI's payout ratio is 1,555.56%.
Institutional Trading of HNI
Several institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in HNI during the 3rd quarter valued at $28,000. AQR Capital Management LLC grew its holdings in HNI by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider's stock worth $600,000 after acquiring an additional 802 shares in the last quarter. Nykredit A S purchased a new position in HNI during the second quarter valued at approximately $36,000. Amundi raised its position in shares of HNI by 9.3% in the 2nd quarter. Amundi now owns 13,552 shares of the business services provider's stock worth $548,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of HNI during the 2nd quarter worth $50,000. Institutional investors own 75.26% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Weiss Ratings upgraded HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 24th. Benchmark restated a "buy" rating on shares of HNI in a report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price objective on HNI in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $65.00.
View Our Latest Research Report 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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