HNI (NYSE:HNI) CEO Sells $375,850.48 in Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 7,508 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $50.06, for a total transaction of $375,850.48. Following the completion of the sale, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,433,409.40. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Performance

Shares of HNI stock opened at $49.03 on Monday. The business’s fifty day simple moving average is $43.86 and its 200 day simple moving average is $39.42. The firm has a market capitalization of $3.54 billion, a P/E ratio of 544.84, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91. HNI Corporation has a 12 month low of $28.93 and a 12 month high of $52.79. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.

HNI (NYSE:HNI) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.The business’s revenue was up 120.7% compared to the same quarter last year. During the same period last year, the firm posted $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, analysts anticipate that HNI Corporation will post 4.24 EPS for the current year.

HNI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 28th. HNI’s dividend payout ratio (DPR) is 1,555.56%.

Hedge Funds Weigh In On HNI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management purchased a new position in shares of HNI in the third quarter worth about $28,000. Nykredit A S purchased a new stake in shares of HNI during the 2nd quarter valued at approximately $36,000. Allworth Financial LP purchased a new stake in shares of HNI during the 2nd quarter valued at approximately $50,000. Public Employees Retirement System of Ohio bought a new position in HNI in the 2nd quarter worth approximately $78,000. Finally, denkapparat Operations GmbH bought a new position in HNI in the 2nd quarter worth approximately $227,000. Institutional investors own 75.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HNI. Wells Fargo & Company set a $65.00 target price on shares of HNI in a research note on Wednesday, July 15th. Benchmark reaffirmed a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, HNI currently has an average rating of “Moderate Buy” and an average target price of $65.00.

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.