HNI Corp. (NYSE:HNI)’s share price reached a new 52-week high during 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.

Separately, Zacks Investment Research upgraded shares of HNI Corp. from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, April 27th.

The company’s 50-day moving average price is $48.08 and its 200-day moving average price is $40.80. The stock has a market cap of $2.32 billion and a PE ratio of 20.74.

HNI Corp. (NYSE:HNI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. Equities research analysts predict that HNI Corp. will post $2.88 EPS for the current year.

In other news, insider Jeffrey D. Lorenger sold 36,483 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $52.20, for a total transaction of $1,904,412.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marco Molinari sold 46,360 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $43.15, for a total value of $2,000,434.00. Following the sale, the executive vice president now owns 81,302 shares in the company, valued at $3,508,181.30. The disclosure for this sale can be found here.

Several large investors 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 valued at $15,602,000 after buying an additional 88,156 shares in the last quarter. 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 valued at $4,848,000 after buying an additional 59,682 shares in the last quarter. 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 valued at $1,032,000 after buying an additional 9,698 shares in the last quarter. 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 valued at $2,874,000 after buying an additional 1,770 shares in the last quarter. 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 valued at $5,048,000 after buying an additional 1,300 shares in the last quarter.

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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