Oxford Financial Group LTD. LLC Acquires Shares of 63,690 HNI Corporation $HNI

Oxford Financial Group LTD. LLC bought a new position in shares of HNI Corporation (NYSE:HNI) in the second quarter, Holdings Channel reports. The firm bought 63,690 shares of the business services provider’s stock, valued at approximately $2,574,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in shares of HNI by 20.5% in the 1st quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 1,472 shares during the period. AQR Capital Management LLC boosted its position in shares of HNI by 6.3% in the 1st quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock worth $600,000 after purchasing an additional 802 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of HNI by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider’s stock worth $1,252,000 after purchasing an additional 1,290 shares during the period. Millennium Management LLC acquired a new stake in shares of HNI during the first quarter worth $10,666,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in HNI by 7.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,290 shares of the business services provider’s stock valued at $6,311,000 after purchasing an additional 9,730 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

HNI Price Performance

HNI opened at $47.68 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. HNI Corporation has a 12 month low of $28.93 and a 12 month high of $52.79. The company has a fifty day simple moving average of $41.94 and a 200 day simple moving average of $39.46. The stock has a market cap of $3.44 billion, a P/E ratio of 529.84, a P/E/G ratio of 0.57 and a beta of 0.91.

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

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. HNI’s dividend payout ratio (DPR) is currently 1,555.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HNI. Weiss Ratings upgraded 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 target on HNI in a research note on Wednesday, July 15th. Finally, Benchmark reiterated a “buy” rating on shares of 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. Based on data from MarketBeat.com, HNI currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of HNI stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $47.55, for a total transaction of $2,180,167.50. Following the transaction, the chief executive officer owned 148,490 shares in the company, valued at $7,060,699.50. The trade was a 23.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.15% of the stock is currently owned by corporate insiders.

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.