HNI (NYSE:HNI) CEO Sells 7,508 Shares

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 7,508 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $50.06, for a total value of $375,850.48. Following the sale, the chief executive officer owned 148,490 shares in the company, valued at $7,433,409.40. The trade was a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Performance

Shares of HNI stock traded down $0.65 during midday trading on Friday, hitting $49.31. The company had a trading volume of 113,094 shares, compared to its average volume of 684,526. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 547.95, a PEG ratio of 0.59 and a beta of 0.91. 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 company has a fifty day simple moving average of $43.58 and a 200 day simple moving average of $39.43. HNI Corporation has a 12-month low of $28.93 and a 12-month high of $52.79.

HNI (NYSE:HNI) last released its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.23. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI’s revenue was up 120.7% compared to the same quarter last year. During the same quarter in the previous 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. As a group, analysts predict that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given 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 dividend payout ratio is currently 1,555.56%.

Analyst Upgrades and Downgrades

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

Institutional Trading of HNI

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in HNI during the second quarter worth about $431,744,000. California State Teachers Retirement System lifted its holdings in HNI by 3,828.7% in the second quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider’s stock valued at $126,686,000 after acquiring an additional 3,055,211 shares during the period. Bank of New York Mellon Corp purchased a new stake in HNI in the 2nd quarter worth approximately $37,988,000. Front Street Capital Management Inc. acquired a new stake in shares of HNI during the 2nd quarter worth approximately $23,462,000. Finally, Pillsbury Lake Capital LLC acquired a new stake in shares of HNI during the 2nd quarter worth approximately $16,681,571,000. 75.26% of the stock is owned by institutional investors and hedge funds.

About HNI

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.