Jeffrey Lorenger Sells 45,850 Shares of HNI (NYSE:HNI) Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 45,850 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares in the company, valued at $7,060,699.50. The trade was a 23.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Up 0.6%

NYSE HNI opened at $48.91 on Friday. The stock’s 50 day simple moving average is $38.47 and its 200 day simple moving average is $39.37. 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 $3.53 billion, a PE ratio of 543.45, a price-to-earnings-growth ratio of 0.57 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.

HNI (NYSE:HNI) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.The business’s revenue for the quarter was up 120.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, sell-side analysts forecast that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. This is an increase from HNI’s previous quarterly dividend of $0.34. HNI’s payout ratio is currently 1,555.56%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On HNI

Several institutional investors have recently modified their holdings of HNI. New York State Common Retirement Fund raised its position in shares of HNI by 31.7% in the 4th quarter. New York State Common Retirement Fund now owns 21,301 shares of the business services provider’s stock valued at $895,000 after acquiring an additional 5,125 shares during the period. Entropy Technologies LP acquired a new position in HNI during the third quarter valued at approximately $676,000. State of Tennessee Department of Treasury grew its holdings in HNI by 14.2% during the second quarter. State of Tennessee Department of Treasury now owns 31,132 shares of the business services provider’s stock valued at $1,531,000 after purchasing an additional 3,866 shares during the period. Intech Investment Management LLC increased its stake in HNI by 23.6% in the first quarter. Intech Investment Management LLC now owns 36,698 shares of the business services provider’s stock valued at $1,628,000 after purchasing an additional 7,000 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in HNI by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider’s stock valued at $1,252,000 after purchasing an additional 1,290 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

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.