HNI Corporation $HNI Stock Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its stake in shares of HNI Corporation (NYSE:HNI) by 8.0% during the 3rd quarter, Holdings Channel reports. The fund owned 190,250 shares of the business services provider’s stock after selling 16,591 shares during the period. Douglas Lane & Associates LLC’s holdings in HNI were worth $8,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of HNI by 406.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,423 shares of the business services provider’s stock worth $155,000 after acquiring an additional 2,747 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in HNI in the second quarter valued at about $253,000. Baird Financial Group Inc. bought a new position in HNI in the second quarter worth about $245,000. Nykredit A S bought a new position in HNI in the second quarter worth about $36,000. Finally, Amundi lifted its position in shares of HNI by 9.3% during the second quarter. Amundi now owns 13,552 shares of the business services provider’s stock valued at $548,000 after buying an additional 1,152 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HNI shares. Weiss Ratings upgraded shares of 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 objective on shares of HNI in a research note on Wednesday, July 15th. Wall Street Zen raised shares of HNI from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Benchmark restated a “buy” rating on shares of HNI in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, HNI currently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

HNI Stock Performance

Shares of NYSE:HNI traded down $0.19 on Friday, hitting $46.72. 78,261 shares of the company were exchanged, compared to its average volume of 666,922. HNI Corporation has a 1-year low of $28.93 and a 1-year high of $52.79. The stock’s 50 day moving average price is $47.79 and its 200 day moving average price is $39.97. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.37 billion, a P/E ratio of 518.52, a price-to-earnings-growth ratio of 0.74 and a beta of 0.93.

HNI (NYSE:HNI) last released its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.23. The firm 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% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Sell-side analysts predict that HNI Corporation will post 4.19 EPS for the current year.

HNI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. HNI’s dividend payout ratio is 1,555.56%.

Insider Buying and Selling at HNI

In other news, CEO Jeffrey Lorenger sold 45,850 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,060,699.50. This represents a 23.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 95,138 shares of company stock valued at $4,648,587. 2.15% of the stock is owned by insiders.

HNI Profile

HNI Corporation (NYSE:HNI) is a workplace and residential building products company headquartered in Muscatine, Iowa. Its workplace furnishings business designs and manufactures office furniture and related products, including desks, seating, tables, storage, architectural products and workplace accessories. The company serves businesses, government organizations, education institutions and other commercial customers through brands such as HON, Allsteel, Gunlocke, HBF and OFM.

HNI also operates Hearth & Home Technologies, a manufacturer of hearth products for residential and commercial applications.