Lone Peak Global Investors LLC Lowers Stock Holdings in HNI Corporation $HNI

Lone Peak Global Investors LLC reduced its holdings in HNI Corporation (NYSE:HNI) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 536,672 shares of the business services provider’s stock after selling 11,043 shares during the quarter. HNI makes up 3.0% of Lone Peak Global Investors LLC’s portfolio, making the stock its 16th biggest holding. Lone Peak Global Investors LLC owned approximately 0.74% of HNI worth $21,687,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in HNI in the 2nd quarter valued at about $431,744,000. Bank of New York Mellon Corp purchased a new position in shares of HNI during the 2nd quarter worth about $37,988,000. Front Street Capital Management Inc. purchased a new position in shares of HNI during the 2nd quarter worth about $23,462,000. Pillsbury Lake Capital LLC acquired a new stake in shares of HNI in the second quarter worth approximately $16,681,571. Finally, Bank of America Corp DE purchased a new stake in HNI in the second quarter valued at approximately $15,724,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

HNI Stock Down 2.1%

Shares of NYSE:HNI opened at $47.42 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. HNI Corporation has a 1 year low of $28.93 and a 1 year high of $52.79. The stock has a market capitalization of $3.42 billion, a P/E ratio of 526.95, a PEG ratio of 0.57 and a beta of 0.92. The stock has a 50-day simple moving average of $44.41 and a 200-day simple moving average of $39.36.

HNI (NYSE:HNI) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share 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 analysts’ expectations of $1.48 billion. During the same period in the previous year, the company posted $1.11 earnings per share. HNI’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. Equities analysts forecast that HNI Corporation will post 4.24 earnings per share for the current year.

HNI Dividend Announcement

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 issued 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 3.0%. HNI’s payout ratio is presently 1,555.56%.

Insiders Place Their Bets

In related news, CEO Jeffrey D. Lorenger sold 1,504 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $50.00, for a total value of $75,200.00. Following the completion of the sale, the chief executive officer directly owned 148,490 shares in the company, valued at approximately $7,424,500. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 95,138 shares of company stock worth $4,648,587. 2.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

HNI 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.