Legal & General Group Plc Makes New $6.41 Million Investment in HNI Corporation $HNI

Legal & General Group Plc purchased a new position in HNI Corporation (NYSE:HNI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 158,544 shares of the business services provider’s stock, valued at approximately $6,407,000. Legal & General Group Plc owned 0.22% of HNI at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HNI. Burnham & Co LLC purchased a new position in HNI during the 2nd quarter valued at about $4,024,000. Oxford Financial Group LTD. LLC purchased a new stake in shares of HNI in the second quarter worth about $2,574,000. Deutsche Bank AG bought a new position in shares of HNI in the second quarter valued at approximately $2,994,000. Front Street Capital Management Inc. purchased a new position in HNI during the second quarter valued at approximately $23,462,000. Finally, Callan Family Office LLC purchased a new position in HNI during the second quarter valued at approximately $827,000. 75.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Benchmark reissued a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company set a $65.00 target price 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.00.

HNI Trading Up 2.0%

Shares of HNI stock opened at $48.40 on Thursday. The business has a 50-day moving average price of $44.64 and a two-hundred day moving average price of $39.35. HNI Corporation has a 12-month low of $28.93 and a 12-month high of $52.79. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.49 billion, a P/E ratio of 537.85, a price-to-earnings-growth ratio of 0.56 and a beta of 0.92.

HNI (NYSE:HNI) last announced its quarterly earnings data 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. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.HNI’s revenue for the quarter was up 120.7% compared to the same quarter last year. During the same period last year, the firm 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. Equities analysts anticipate that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Announces Dividend

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

Insider Activity

In related news, CEO Jeffrey D. Lorenger sold 1,504 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $50.00, for a total transaction of $75,200.00. Following the transaction, the chief executive officer owned 148,490 shares of the company’s stock, valued at approximately $7,424,500. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 valued at $4,648,587. 2.15% of the stock is currently owned by corporate insiders.

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.