New York State Common Retirement Fund Has $1.15 Million Stock Position in HNI Co. (NYSE:HNI)

New York State Common Retirement Fund decreased its stake in HNI Co. (NYSE:HNI) by 19.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,269 shares of the business services provider’s stock after selling 7,681 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of HNI worth $1,148,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Public Sector Pension Investment Board lifted its position in HNI by 1.1% in the second quarter. Public Sector Pension Investment Board now owns 88,990 shares of the business services provider’s stock worth $3,913,000 after purchasing an additional 990 shares during the period. WINTON GROUP Ltd lifted its position in HNI by 81.7% in the second quarter. WINTON GROUP Ltd now owns 11,372 shares of the business services provider’s stock worth $500,000 after purchasing an additional 5,113 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in HNI by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,422 shares of the business services provider’s stock worth $1,470,000 after purchasing an additional 310 shares during the period. Vanguard Group Inc. lifted its position in HNI by 2.5% in the second quarter. Vanguard Group Inc. now owns 4,677,827 shares of the business services provider’s stock worth $205,684,000 after purchasing an additional 113,408 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in HNI by 7.7% in the third quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider’s stock worth $775,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.

Shares of HNI stock opened at $41.93 on Friday. The stock has a market cap of $1.83 billion, a P/E ratio of 24.96 and a beta of 0.96. HNI Co. has a one year low of $32.22 and a one year high of $46.93. The stock has a fifty day moving average price of $41.50 and a 200 day moving average price of $39.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.21 and a quick ratio of 0.82.

HNI (NYSE:HNI) last issued its quarterly earnings data on Sunday, October 24th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. The company had revenue of $586.70 million during the quarter, compared to analysts’ expectations of $592.14 million. HNI had a return on equity of 13.13% and a net margin of 3.46%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of record on Monday, November 22nd were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 19th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.96%. HNI’s payout ratio is presently 73.81%.

In related news, VP Steven M. Bradford sold 10,580 shares of HNI stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $40.55, for a total value of $429,019.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry B. Porcellato sold 2,000 shares of HNI stock in a transaction dated Wednesday, December 1st. The shares were sold at an average price of $40.34, for a total value of $80,680.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,580 shares of company stock valued at $593,499. Company insiders own 2.70% of the company’s stock.

About HNI

HNI Corp. engages in the provision of workplace furnishings and residential building products. It operates through the following segments: Workplace Furnishing and Residential Building Products. The Workplace Furnishings segment manufactures and markets a broad line of commercial and home office furniture, which includes panel-based and freestanding furniture systems, seating, storage, tables, and architectural products.

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Institutional Ownership by Quarter for HNI (NYSE:HNI)

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