HNI (NYSE:HNI) CEO Sells $35,007.00 in Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 700 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $50.01, for a total transaction of $35,007.00. Following the completion of the transaction, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,425,984.90. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Trading Down 0.0%

HNI stock traded down $0.01 on Wednesday, hitting $49.93. 113,939 shares of the company were exchanged, compared to its average volume of 686,843. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 555.44, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. The business’s fifty day moving average is $42.93 and its two-hundred day moving average is $39.47. HNI Corporation has a twelve month low of $28.93 and a twelve month high of $52.79.

HNI (NYSE:HNI) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.23. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The business’s quarterly revenue was up 120.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, research analysts forecast that HNI Corporation will post 4.24 earnings per share for the current year.

HNI Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On HNI

Institutional investors have recently modified their holdings of the stock. Burnham & Co LLC bought a new stake in shares of HNI in the 2nd quarter valued at approximately $4,024,000. Front Street Capital Management Inc. acquired a new position in shares of HNI in the 2nd quarter valued at about $23,462,000. Oxford Financial Group LTD. LLC acquired a new stake in HNI during the second quarter worth about $2,574,000. Callan Family Office LLC bought a new position in HNI in the second quarter worth about $827,000. Finally, Medina Value Partners LLC bought a new position in shares of HNI during the second quarter valued at approximately $10,242,319,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

HNI Company 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.