Jupiter Topco LLC Buys New Holdings in HNI Corporation $HNI

Jupiter Topco LLC purchased a new position in shares of HNI Corporation (NYSE:HNI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 31,904 shares of the business services provider’s stock, valued at approximately $1,289,000.

Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in HNI in the second quarter valued at approximately $6,407,000. The Manufacturers Life Insurance Company bought a new position in shares of HNI during the 2nd quarter worth approximately $1,400,000. Front Street Capital Management Inc. acquired a new position in shares of HNI during the 2nd quarter worth approximately $23,462,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of HNI during the 2nd quarter worth approximately $2,525,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in HNI in the 2nd quarter valued at $369,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

HNI Trading Up 2.7%

Shares of HNI stock opened at $49.53 on Friday. The stock’s fifty day moving average price is $45.02 and its two-hundred day moving average price is $39.41. The company has a market cap of $3.58 billion, a PE ratio of 550.39, a P/E/G ratio of 0.57 and a beta of 0.92. HNI Corporation has a fifty-two week low of $28.93 and a fifty-two week high of $52.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36.

HNI (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.11 earnings per share. The company’s revenue was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Equities analysts predict that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Announces Dividend

The business also recently declared 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. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, August 28th. HNI’s dividend payout ratio (DPR) is presently 1,555.56%.

Insiders Place Their Bets

In other news, CEO Jeffrey Lorenger sold 1,504 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $50.00, for a total transaction of $75,200.00. Following the transaction, the chief executive officer owned 148,490 shares in the company, valued at approximately $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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 95,138 shares of company stock valued at $4,648,587 over the last ninety days. Insiders own 2.15% of the company’s stock.

Analyst Ratings Changes

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

HNI 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.