HNI (NYSE:HNI) CEO Jeffrey Lorenger Sells 7,508 Shares of Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 7,508 shares of HNI stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $50.06, for a total value of $375,850.48. Following the completion of the sale, the chief executive officer owned 148,490 shares of the company’s stock, valued at $7,433,409.40. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Price Performance

Shares of NYSE:HNI opened at $49.03 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 544.84, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91. The business has a 50-day simple moving average of $43.86 and a two-hundred day simple moving average of $39.50. HNI Corporation has a fifty-two week low of $28.93 and a fifty-two week high of $52.79.

HNI (NYSE:HNI) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $1.11 EPS. The business’s quarterly revenue was up 120.7% compared to the same quarter last year. 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, analysts expect that HNI Corporation will post 4.24 earnings per share for the current year.

HNI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. HNI’s payout ratio is 1,555.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HNI shares. Weiss Ratings raised HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Benchmark reaffirmed a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price objective on HNI in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, HNI currently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

Institutional Investors Weigh In On HNI

Hedge funds have recently modified their holdings of the business. Burnham & Co LLC purchased a new stake in shares of HNI in the 2nd quarter worth $4,024,000. Oxford Financial Group LTD. LLC purchased a new position in HNI during the second quarter valued at $2,574,000. Front Street Capital Management Inc. purchased a new position in HNI during the second quarter valued at $23,462,000. Deutsche Bank AG bought a new stake in HNI during the second quarter valued at about $2,994,000. Finally, Medina Value Partners LLC bought a new stake in HNI during the second quarter valued at about $10,242,319. Institutional investors own 75.26% of the company’s stock.

HNI Company Profile

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.