Medina Value Partners LLC Takes Position in HNI Corporation $HNI

Medina Value Partners LLC purchased a new stake in shares of HNI Corporation (NYSE:HNI) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 253,460 shares of the business services provider’s stock, valued at approximately $10,242,319,000. HNI makes up 2.0% of Medina Value Partners LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. Burnham & Co LLC acquired a new stake in HNI during the second quarter worth $4,024,000. Oxford Financial Group LTD. LLC purchased a new stake in HNI in the second quarter valued at $2,574,000. Front Street Capital Management Inc. acquired a new position in shares of HNI in the 2nd quarter valued at $23,462,000. Callan Family Office LLC acquired a new position in shares of HNI in the 2nd quarter valued at $827,000. Finally, Wealthspan Partners LLC purchased a new position in shares of HNI during the 2nd quarter worth $609,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

HNI Stock Up 1.7%

Shares of NYSE HNI opened at $49.85 on Wednesday. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 553.94, a PEG ratio of 0.58 and a beta of 0.91. 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 52-week low of $28.93 and a 52-week high of $52.79. The business’s 50 day moving average is $42.93 and its two-hundred day moving average is $39.47.

HNI (NYSE:HNI) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. HNI had a return on equity of 13.66% and a net margin of 0.10%.The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The firm’s 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. Research analysts predict that HNI Corporation will post 4.24 EPS for the current year.

HNI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, August 28th. HNI’s payout ratio is currently 1,555.56%.

Analysts Set New Price Targets

HNI has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $65.00 price objective on HNI in a research report on Wednesday, July 15th. Benchmark reaffirmed a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.00.

Insider Transactions at HNI

In related news, CEO Jeffrey D. Lorenger sold 45,850 shares of the 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 of the company’s stock, valued at approximately $7,060,699.50. This represents a 23.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.15% of the company’s stock.

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.