HNI (NYSE:HNI) CEO Jeffrey Lorenger Sells 1,504 Shares

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 1,504 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $50.00, for a total value of $75,200.00. Following the completion of the sale, the chief executive officer owned 148,490 shares in the company, valued at $7,424,500. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Down 2.1%

HNI opened at $47.42 on Wednesday. The company has a market cap of $3.42 billion, a PE ratio of 526.95, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92. The company has a 50 day moving average of $44.41 and a 200 day moving average of $39.36. HNI Corporation has a 12 month low of $28.93 and a 12 month 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 announced its quarterly earnings results 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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.The firm’s quarterly revenue was up 120.7% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, sell-side analysts expect that HNI Corporation will post 4.24 EPS for the current 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 presently 1,555.56%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HNI. Weiss Ratings upgraded shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Wells Fargo & Company set a $65.00 price target on shares of 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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in HNI in the second quarter worth $431,744,000. California State Teachers Retirement System grew its holdings in HNI by 3,828.7% in the second quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider’s stock worth $126,686,000 after purchasing an additional 3,055,211 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of HNI in the 2nd quarter worth approximately $37,988,000. Cooke & Bieler LP grew its stake in shares of HNI by 23.0% in the fourth quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock worth $31,719,000 after acquiring an additional 140,971 shares during the last quarter. Finally, Front Street Capital Management Inc. purchased a new position in shares of HNI in the 2nd quarter worth about $23,462,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

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.