11,645 HNI Corporation $HNI Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of HNI Corporation (NYSE:HNI) by 31.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,714 shares of the business services provider’s stock after selling 11,645 shares during the period. State of Alaska Department of Revenue’s holdings in HNI were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in shares of HNI in the 3rd quarter worth approximately $39,000. Nykredit A S acquired a new stake in HNI during the second quarter valued at approximately $36,000. Allworth Financial LP bought a new stake in HNI during the second quarter worth approximately $50,000. Public Employees Retirement System of Ohio bought a new stake in HNI during the second quarter worth approximately $78,000. Finally, Farther Finance Advisors LLC boosted its holdings in HNI by 406.4% during the third quarter. Farther Finance Advisors LLC now owns 3,423 shares of the business services provider’s stock worth $155,000 after buying an additional 2,747 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

HNI Trading Down 0.4%

Shares of HNI opened at $45.92 on Wednesday. The business’s 50-day moving average price is $47.54 and its 200 day moving average price is $40.64. The stock has a market capitalization of $3.31 billion, a P/E ratio of 510.25, a P/E/G ratio of 0.73 and a beta of 0.93. HNI Corporation has a 1-year low of $28.93 and a 1-year high of $52.79. 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) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The business’s quarterly 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. Analysts expect that HNI Corporation will post 4.19 earnings per share for the current year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. HNI’s dividend payout ratio (DPR) is currently 1,555.56%.

Insider Buying and Selling

In related news, CEO Jeffrey Lorenger sold 45,850 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the transaction, the chief executive officer owned 148,490 shares of the company’s stock, valued at approximately $7,060,699.50. This trade represents a 23.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 95,138 shares of company stock valued at $4,648,587. Company insiders own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports 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. Wall Street Zen upgraded HNI from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Wells Fargo & Company set a $65.00 price objective on HNI in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.00.

HNI Company Profile

HNI Corporation (NYSE:HNI), headquartered in Muscatine, Iowa, is a workplace and residential building products company. Its businesses serve organizations, businesses, education and government customers, as well as residential consumers through office furnishings and hearth products.

HNI’s workplace furnishings portfolio includes desks, tables, seating, storage, collaborative products and related workplace solutions. Its brands include HON, Allsteel, HBF and Gunlocke, among others. The company sells products through dealers, retailers, e-commerce channels and other distribution partners, primarily serving customers in North America.

Through its hearth products business, HNI manufactures fireplaces, inserts, stoves and related products fueled by gas, wood and pellets.