Everett Harris & Co. CA Sells 16,700 Shares of HNI Co. (NYSE:HNI)

Everett Harris & Co. CA trimmed its position in HNI Co. (NYSE:HNI) by 41.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 24,000 shares of the business services provider’s stock after selling 16,700 shares during the quarter. Everett Harris & Co. CA’s holdings in HNI were worth $1,004,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of HNI by 9.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 769,549 shares of the business services provider’s stock valued at $21,686,000 after purchasing an additional 66,436 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of HNI by 24.4% in the third quarter. Handelsbanken Fonder AB now owns 9,726 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 1,910 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of HNI in the third quarter valued at about $947,000. L2 Asset Management LLC bought a new stake in HNI during the third quarter worth about $1,251,000. Finally, Lazard Asset Management LLC raised its holdings in HNI by 44.1% during the third quarter. Lazard Asset Management LLC now owns 20,490 shares of the business services provider’s stock worth $709,000 after acquiring an additional 6,271 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered HNI from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th.

Insider Buying and Selling at HNI

In other HNI news, EVP Vincent P. Berger sold 9,976 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $43.01, for a total value of $429,067.76. Following the sale, the executive vice president now owns 67,025 shares in the company, valued at $2,882,745.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Miguel M. Calado sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $42.99, for a total value of $107,475.00. Following the transaction, the director now owns 36,988 shares of the company’s stock, valued at $1,590,114.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vincent P. Berger sold 9,976 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $43.01, for a total value of $429,067.76. Following the sale, the executive vice president now directly owns 67,025 shares in the company, valued at approximately $2,882,745.25. The disclosure for this sale can be found here. Insiders have sold 17,374 shares of company stock worth $749,534 over the last 90 days. Company insiders own 3.36% of the company’s stock.

HNI Stock Up 0.1 %

HNI traded up $0.03 on Thursday, hitting $45.14. 259,121 shares of the company were exchanged, compared to its average volume of 278,456. HNI Co. has a 12 month low of $24.81 and a 12 month high of $45.47. The company has a market cap of $2.13 billion, a PE ratio of 44.25, a PEG ratio of 1.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.73 and a current ratio of 1.16. The stock’s fifty day moving average is $42.73 and its 200-day moving average is $39.49.

HNI (NYSE:HNI) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm had revenue of $679.80 million for the quarter, compared to analyst estimates of $686.15 million. HNI had a return on equity of 16.97% and a net margin of 2.03%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. Equities research analysts predict that HNI Co. will post 2.93 EPS for the current fiscal year.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.28 annualized dividend and a yield of 2.84%. HNI’s dividend payout ratio is 125.49%.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.