HNI Corporation (NYSE:HNI) Chairman Stanley A. Askren sold 6,111 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $33.66, for a total transaction of $205,696.26. Following the completion of the transaction, the chairman now owns 214,750 shares in the company, valued at $7,228,485. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Stanley A. Askren also recently made the following trade(s):

  • On Friday, December 1st, Stanley A. Askren sold 3,021 shares of HNI stock. The stock was sold at an average price of $35.07, for a total transaction of $105,946.47.
  • On Tuesday, October 17th, Stanley A. Askren sold 12,000 shares of HNI stock. The stock was sold at an average price of $42.42, for a total transaction of $509,040.00.

Shares of HNI Corporation (NYSE:HNI) traded up $0.01 during midday trading on Friday, reaching $33.52. 229,155 shares of the company’s stock were exchanged, compared to its average volume of 188,655. HNI Corporation has a twelve month low of $31.16 and a twelve month high of $56.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.08 and a quick ratio of 0.74. The company has a market capitalization of $1,455.67, a PE ratio of 14.45 and a beta of 1.50.

HNI (NYSE:HNI) last issued its quarterly earnings results on Monday, October 23rd. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. HNI had a net margin of 3.08% and a return on equity of 21.09%. The business had revenue of $599.50 million for the quarter, compared to analysts’ expectations of $585.07 million. During the same period last year, the business earned $0.80 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. sell-side analysts forecast that HNI Corporation will post 1.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, November 17th. HNI’s payout ratio is currently 76.00%.

A number of hedge funds and other institutional investors have recently modified their holdings of HNI. SG Americas Securities LLC grew its holdings in shares of HNI by 102.7% in the second quarter. SG Americas Securities LLC now owns 13,877 shares of the business services provider’s stock worth $553,000 after purchasing an additional 7,031 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of HNI by 2.2% in the third quarter. Frontier Capital Management Co. LLC now owns 1,048,786 shares of the business services provider’s stock worth $43,493,000 after purchasing an additional 22,330 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of HNI by 51.8% in the third quarter. New York State Common Retirement Fund now owns 71,200 shares of the business services provider’s stock worth $2,953,000 after purchasing an additional 24,300 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of HNI by 8.9% in the third quarter. Rhumbline Advisers now owns 95,340 shares of the business services provider’s stock worth $3,954,000 after purchasing an additional 7,783 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of HNI by 5,066.3% in the third quarter. Russell Investments Group Ltd. now owns 240,441 shares of the business services provider’s stock worth $9,972,000 after purchasing an additional 235,787 shares during the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.

Several research analysts recently weighed in on HNI shares. BidaskClub cut shares of HNI from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. UBS upgraded shares of HNI from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Citigroup upgraded shares of HNI to an “outperform” rating and set a $42.00 price target on the stock in a research report on Wednesday, August 23rd. Raymond James Financial upgraded shares of HNI from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded shares of HNI from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. HNI currently has a consensus rating of “Hold” and an average target price of $44.50.

COPYRIGHT VIOLATION WARNING: “Insider Selling: HNI Corporation (HNI) Chairman Sells $205,696.26 in Stock” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/insider-selling-hni-corporation-hni-chairman-sells-205696-26-in-stock/1755821.html.

About HNI

HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.

Insider Buying and Selling by Quarter for HNI (NYSE:HNI)

Receive News & Ratings for HNI Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HNI Corporation and related companies with MarketBeat.com's FREE daily email newsletter.