HNI Co. (NYSE:HNI) Insider Sells $27,744.40 in Stock

HNI Co. (NYSE:HNI) 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 value of $27,744.40. Following the completion of the sale, the insider now owns 14,394 shares in the company, valued at approximately $718,260.60. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

HNI Stock Up 0.5 %

NYSE HNI traded up $0.24 on Thursday, reaching $49.26. 557,940 shares of the stock traded hands, compared to its average volume of 293,495. The company has a fifty day moving average price of $50.06 and a 200-day moving average price of $52.04. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.14 and a beta of 0.90. HNI Co. has a 12 month low of $40.94 and a 12 month high of $58.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.09.

HNI (NYSE:HNI) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. HNI had a return on equity of 19.29% and a net margin of 4.83%. As a group, research analysts forecast that HNI Co. will post 2.93 EPS for the current fiscal year.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Monday, February 24th. HNI’s payout ratio is 51.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of HNI from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st.

Institutional Trading of HNI

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in HNI by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,718,014 shares of the business services provider’s stock valued at $288,016,000 after purchasing an additional 62,476 shares during the last quarter. FMR LLC lifted its holdings in shares of HNI by 6.8% in the 4th quarter. FMR LLC now owns 1,960,596 shares of the business services provider’s stock valued at $98,755,000 after buying an additional 124,391 shares during the period. State Street Corp boosted its stake in shares of HNI by 1.1% in the third quarter. State Street Corp now owns 1,876,542 shares of the business services provider’s stock worth $101,033,000 after buying an additional 20,717 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in HNI by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,623,706 shares of the business services provider’s stock worth $81,786,000 after acquiring an additional 43,249 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in HNI during the fourth quarter valued at approximately $69,253,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

HNI Company 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.