Insider Selling: HNI Co. (NYSE:HNI) Insider Sells 556 Shares of Stock

HNI Co. (NYSE:HNI) insider Brian Scott Smith sold 556 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total transaction of $27,744.40. Following the transaction, the insider now owns 14,394 shares in the company, 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 SEC, which is available at this hyperlink.

HNI Price Performance

Shares of HNI opened at $49.26 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.35 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The stock’s 50-day moving average price is $49.97 and its two-hundred day moving average price is $52.02. HNI Co. has a 1 year low of $40.94 and a 1 year high of $58.42.

HNI (NYSE:HNI) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. HNI had a net margin of 4.83% and a return on equity of 19.29%. On average, equities analysts predict that HNI Co. will post 2.93 earnings per share for the current year.

HNI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Monday, February 24th. HNI’s dividend payout ratio (DPR) is presently 51.16%.

Institutional Trading of HNI

Large investors have recently bought and sold shares of the business. Eastern Bank bought a new position in shares of HNI during the third quarter worth about $27,000. Smartleaf Asset Management LLC grew its stake in shares of HNI by 85.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider’s stock worth $28,000 after acquiring an additional 258 shares in the last quarter. Covestor Ltd lifted its position in shares of HNI by 219.9% in the third quarter. Covestor Ltd now owns 739 shares of the business services provider’s stock worth $40,000 after purchasing an additional 508 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of HNI by 649.1% in the fourth quarter. Sterling Capital Management LLC now owns 809 shares of the business services provider’s stock worth $41,000 after purchasing an additional 701 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in HNI in the fourth quarter valued at $55,000. 75.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of HNI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

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.