HNI Co. (NYSE:HNI) Stake Boosted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its stake in shares of HNI Co. (NYSE:HNI) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,987 shares of the business services provider’s stock after purchasing an additional 287 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in HNI were worth $753,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Eastern Bank bought a new position in HNI during the 3rd quarter valued at $27,000. Quest Partners LLC bought a new position in HNI during the 2nd quarter valued at $29,000. GAMMA Investing LLC boosted its stake in HNI by 51.6% during the 3rd quarter. GAMMA Investing LLC now owns 670 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 228 shares in the last quarter. Covestor Ltd boosted its stake in HNI by 219.9% during the 3rd quarter. Covestor Ltd now owns 739 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 508 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in HNI by 4,746.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,181 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 2,136 shares in the last quarter. 75.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised HNI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

Insider Activity

In other news, Director Miguel M. Calado sold 5,299 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $52.96, for a total value of $280,635.04. Following the completion of the sale, the director now owns 31,159 shares in the company, valued at $1,650,180.64. This represents a 14.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Scott Smith sold 2,284 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total value of $123,336.00. Following the completion of the sale, the insider now owns 11,902 shares of the company’s stock, valued at $642,708. The trade was a 16.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.36% of the company’s stock.

HNI Price Performance

Shares of NYSE:HNI opened at $56.17 on Monday. HNI Co. has a one year low of $38.55 and a one year high of $57.59. The stock has a fifty day moving average of $53.25 and a 200-day moving average of $49.95. The company has a market capitalization of $2.68 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.58 and a beta of 0.85. 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 Tuesday, October 29th. The business services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. HNI had a return on equity of 19.29% and a net margin of 4.83%. The company had revenue of $672.20 million during the quarter, compared to the consensus estimate of $712.75 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that HNI Co. will post 2.93 EPS for the current fiscal year.

HNI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.35%. HNI’s dividend payout ratio (DPR) is presently 51.16%.

About HNI

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.