HNI Corp. (HNI) Reaches New 52-Week High at $56.07
Shares of HNI Corp. (NYSE:HNI) hit a new 52-week high during trading on Monday . The company traded as high as $56.07 and last traded at $55.89, with a volume of 102,166 shares trading hands. The stock had previously closed at $54.90.
The company’s 50 day moving average price is $51.97 and its 200 day moving average price is $43.78. The stock has a market capitalization of $2.48 billion and a PE ratio of 22.17.
HNI Corp. (NYSE:HNI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. On average, equities analysts expect that HNI Corp. will post $2.87 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 19th will be given a $0.275 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.97%.
In other news, insider Jeffrey D. Lorenger sold 36,483 shares of HNI Corp. stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Stanley A. Askren sold 58,676 shares of HNI Corp. stock in a transaction on Friday, July 29th. The shares were sold at an average price of $52.30, for a total transaction of $3,068,754.80. Following the completion of the sale, the chairman now owns 254,378 shares of the company’s stock, valued at approximately $13,303,969.40. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in HNI Corp. stock. Principal Financial Group Inc. increased its stake in shares of HNI Corp. (NYSE:HNI) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,664 shares of the company’s stock after buying an additional 88,156 shares during the period. Principal Financial Group Inc. owned about 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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