HNI (NYSE:HNI) CEO Sells 39,576 Shares

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 39,576 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $50.09, for a total transaction of $1,982,361.84. Following the completion of the sale, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,437,864.10. The trade was a 21.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Down 1.3%

NYSE HNI traded down $0.65 during trading hours on Friday, hitting $49.31. The company had a trading volume of 113,094 shares, compared to its average volume of 684,526. HNI Corporation has a fifty-two week low of $28.93 and a fifty-two week high of $52.79. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 547.95, 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 firm’s 50 day moving average is $43.58 and its 200 day moving average is $39.43.

HNI (NYSE:HNI) last issued 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 company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $1.11 earnings per share. The firm’s revenue was up 120.7% compared to the same quarter last year. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Sell-side analysts anticipate that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a dividend of $0.35 per share. 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 is 1,555.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Triumph Capital Management bought a new position in HNI in the 3rd quarter worth about $28,000. AQR Capital Management LLC raised its holdings in shares of HNI by 6.3% during the first quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock valued at $600,000 after buying an additional 802 shares during the last quarter. Nykredit A S acquired a new position in shares of HNI during the second quarter worth approximately $36,000. Amundi grew its holdings in 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 buying an additional 1,152 shares in the last quarter. Finally, Allworth Financial LP bought a new position in HNI in the 2nd quarter worth approximately $50,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HNI shares. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. Wells Fargo & Company set a $65.00 price target on HNI in a report on Wednesday, July 15th. Finally, Benchmark restated a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

About HNI

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.