HNI Corp. (NYSE:HNI) shot up 1.6% on Friday . The company traded as high as $53.79 and last traded at $53.55, with a volume of 95,189 shares changing hands. The stock had previously closed at $52.70.

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

The firm has a market capitalization of $2.38 billion and a price-to-earnings ratio of 21.30. The firm’s 50 day moving average price is $50.80 and its 200 day moving average price is $42.84.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 19th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $1.10 dividend on an annualized basis and a yield of 2.06%.

In related news, insider Jerald K. Dittmer sold 1,404 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $53.50, for a total value of $75,114.00. Following the transaction, the insider now directly owns 22,823 shares in the company, valued at approximately $1,221,030.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jerald K. Dittmer sold 42,957 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $53.27, for a total transaction of $2,288,319.39. Following the completion of the transaction, the insider now owns 64,376 shares in the company, valued at $3,429,309.52. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in HNI Corp. stock. Principal Financial Group Inc. boosted its position in shares of HNI Corp. (NYSE:HNI) by 25.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 432,664 shares of the company’s stock after buying an additional 88,156 shares during the period. Principal Financial Group Inc. owned 0.98% of HNI Corp. worth $15,602,000 as of its most recent filing with the SEC.

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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