Jeffrey Lorenger Sells 1,504 Shares of HNI (NYSE:HNI) Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 1,504 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $50.00, for a total value of $75,200.00. Following the transaction, the chief executive officer owned 148,490 shares in the company, valued at $7,424,500. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Performance

Shares of HNI stock traded down $1.04 during mid-day trading on Tuesday, reaching $47.39. The stock had a trading volume of 141,196 shares, compared to its average volume of 686,115. The firm’s 50 day simple moving average is $44.15 and its 200 day simple moving average is $39.39. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. HNI Corporation has a one year low of $28.93 and a one year high of $52.79. The firm has a market cap of $3.42 billion, a PE ratio of 526.61, a P/E/G ratio of 0.58 and a beta of 0.91.

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, beating analysts’ consensus estimates of $1.04 by $0.23. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.HNI’s quarterly revenue was up 120.7% on a year-over-year basis. During the same period in the previous year, the business posted $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. On average, analysts forecast that HNI Corporation will post 4.24 EPS for the current year.

HNI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.35 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. HNI’s dividend payout ratio is currently 1,555.56%.

Institutional Trading of HNI

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in HNI during the 2nd quarter valued at $431,744,000. California State Teachers Retirement System grew its holdings in shares of HNI by 3,828.7% during the second quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider’s stock worth $126,686,000 after purchasing an additional 3,055,211 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of HNI in the second quarter valued at $37,988,000. Front Street Capital Management Inc. acquired a new stake in shares of HNI in the second quarter valued at $23,462,000. Finally, Pillsbury Lake Capital LLC bought a new position in shares of HNI in the second quarter valued at about $16,681,571. 75.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HNI. Wells Fargo & Company set a $65.00 target price on shares of HNI in a research report on Wednesday, July 15th. Weiss Ratings raised HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Finally, Benchmark reissued a “buy” rating 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

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.