HNI Corp. (NYSE:HNI) hit a new 52-week high during trading on Friday . The company traded as high as $54.12 and last traded at $54.05, with a volume of 247,483 shares. The stock had previously closed at $52.47.

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 for the company in a report on Wednesday, April 27th.

The company has a 50 day moving average price of $48.78 and a 200 day moving average price of $41.40. The stock has a market capitalization of $2.39 billion and a price-to-earnings ratio of 21.39.

HNI Corp. (NYSE:HNI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.03. Analysts predict that HNI Corp. will post $2.87 EPS for the current year.

In other news, EVP Marco Molinari sold 46,360 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 81,302 shares in the company, valued at $3,508,181.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey D. Lorenger sold 36,483 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $52.20, for a total value of $1,904,412.60. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in 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 in the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in 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 in the last quarter. Rhumbline Advisers raised its position in 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 in the last quarter. California Public Employees Retirement System raised its position in 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 in the last quarter. Finally, New York State Common Retirement Fund raised its position in HNI Corp. by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 113,563 shares of the company’s stock worth $4,095,000 after buying an additional 1,200 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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