Shares of HNI Corp. (NYSE:HNI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.88 and last traded at $52.77, with a volume of 75,633 shares trading hands. The stock had previously closed at $52.56.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of HNI Corp. from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a research note on Wednesday, April 27th. TheStreet upgraded shares of HNI Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, March 31st.

The company’s 50-day moving average price is $47.81 and its 200-day moving average price is $40.57. The stock has a market cap of $2.33 billion and a P/E ratio of 20.91.

HNI Corp. (NYSE:HNI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. On average, equities research analysts forecast that HNI Corp. will post $2.88 EPS for the current year.

In other news, EVP Marco Molinari sold 46,360 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $43.15, for a total value of $2,000,434.00. Following the completion of the sale, the executive vice president now directly owns 81,302 shares of the company’s stock, valued at approximately $3,508,181.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Several hedge funds recently made changes to their positions in HNI. Principal Financial Group Inc. boosted its stake in shares of HNI Corp. by 25.6% in the fourth quarter. Principal Financial Group Inc. now owns 432,664 shares of the company’s stock worth $15,602,000 after buying an additional 88,156 shares during the period. Edge Asset Management Inc. boosted its stake in shares of HNI Corp. by 79.8% in the fourth quarter. Edge Asset Management Inc. now owns 134,426 shares of the company’s stock worth $4,848,000 after buying an additional 59,682 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of HNI Corp. by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 28,592 shares of the company’s stock worth $1,032,000 after buying an additional 9,698 shares during the period. Rhumbline Advisers boosted its stake in shares of HNI Corp. by 2.3% in the fourth quarter. Rhumbline Advisers now owns 79,693 shares of the company’s stock worth $2,874,000 after buying an additional 1,770 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of HNI Corp. by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 140,000 shares of the company’s stock worth $5,048,000 after buying an additional 1,300 shares during the period.

HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range 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.

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