HNI (NYSE:HNI) Sets New 1-Year Low – Here’s Why

HNI Co. (NYSE:HNI)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $39.76 and last traded at $43.25, with a volume of 411803 shares. The stock had previously closed at $40.26.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

HNI Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.68. The company has a market cap of $1.98 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.78. The business has a fifty day simple moving average of $45.47 and a two-hundred day simple moving average of $50.10.

HNI (NYSE:HNI) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. HNI had a return on equity of 18.27% and a net margin of 5.52%. The firm had revenue of $642.50 million during the quarter, compared to analysts’ expectations of $657.03 million. Research analysts anticipate that HNI Co. will post 3.6 earnings per share for the current year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Monday, February 24th. HNI’s payout ratio is currently 45.67%.

Insider Activity at HNI

In other HNI news, insider Brian Scott Smith sold 556 shares of HNI stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total value of $27,744.40. Following the transaction, the insider now directly owns 14,394 shares of the company’s stock, valued at approximately $718,260.60. The trade was a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.37% of the stock is currently owned by corporate insiders.

Institutional Trading of HNI

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake 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 buying an additional 62,476 shares during the last quarter. FMR LLC raised its position 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 purchasing an additional 124,391 shares during the last quarter. State Street Corp raised its position in shares of HNI by 1.1% in the 3rd quarter. State Street Corp now owns 1,876,542 shares of the business services provider’s stock valued at $101,033,000 after purchasing an additional 20,717 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in HNI by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,623,706 shares of the business services provider’s stock worth $81,786,000 after purchasing an additional 43,249 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in HNI during the 4th quarter worth 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.