HNI Corp. (HNI) Sets New 12-Month High at $56.96
HNI Corp. (NYSE:HNI)’s share price hit a new 52-week high on Monday . The stock traded as high as $56.96 and last traded at $56.18, with a volume of 155,000 shares trading hands. The stock had previously closed at $55.80.
The company has a market cap of $2.50 billion and a P/E ratio of 22.36. The firm’s 50-day moving average is $52.84 and its 200 day moving average is $44.47.
HNI Corp. (NYSE:HNI) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. On average, equities research analysts predict that HNI Corp. will post $2.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 19th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.96%.
In related news, insider Jerald K. Dittmer sold 1,404 shares of HNI Corp. 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 completion of the sale, the insider now owns 22,823 shares of the company’s stock, valued at approximately $1,221,030.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 directly 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.
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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