Jeffrey Lorenger Sells 700 Shares of HNI (NYSE:HNI) Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 700 shares of HNI stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $50.01, for a total transaction of $35,007.00. Following the transaction, the chief executive officer directly owned 148,490 shares in the company, valued at $7,425,984.90. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Up 0.1%

Shares of HNI stock opened at $49.97 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. HNI Corporation has a one year low of $28.93 and a one year high of $52.79. The company’s fifty day moving average price is $43.58 and its 200-day moving average price is $39.43. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 555.23, a PEG ratio of 0.59 and a beta of 0.91.

HNI (NYSE:HNI) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.HNI’s revenue for the quarter was up 120.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Sell-side analysts expect that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Announces Dividend

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. The ex-dividend date is Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. HNI’s dividend payout ratio (DPR) is currently 1,555.56%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of HNI in the second quarter valued at $431,744,000. California State Teachers Retirement System lifted its position in HNI by 3,828.7% during the second quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider’s stock valued at $126,686,000 after purchasing an additional 3,055,211 shares during the last quarter. Bank of New York Mellon Corp bought a new position in HNI during the second quarter valued at $37,988,000. Front Street Capital Management Inc. purchased a new position in shares of HNI in the 2nd quarter worth $23,462,000. Finally, Pillsbury Lake Capital LLC purchased a new position in shares of HNI in the 2nd quarter worth $16,681,571,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HNI. Weiss Ratings raised HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Wells Fargo & Company set a $65.00 price objective on shares of HNI in a report on Wednesday, July 15th. Finally, Benchmark reiterated 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 given a Hold rating to the company. Based on data from MarketBeat.com, HNI presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

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.