HNI Corporation $HNI Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in HNI Corporation (NYSE:HNI) by 31.2% in the 3rd quarter, Holdings Channel reports. The fund owned 25,714 shares of the business services provider’s stock after selling 11,645 shares during the period. State of Alaska Department of Revenue’s holdings in HNI were worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Fortitude Family Office LLC acquired a new stake in HNI during the 3rd quarter worth about $39,000. Nykredit A S purchased a new position in HNI during the 2nd quarter valued at about $36,000. Allworth Financial LP purchased a new position in HNI during the 2nd quarter valued at about $50,000. Public Employees Retirement System of Ohio purchased a new position in HNI during the 2nd quarter valued at about $78,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of HNI by 406.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,423 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 2,747 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HNI

In other news, CEO Jeffrey Lorenger sold 1,504 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $50.00, for a total transaction of $75,200.00. Following the completion of the sale, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,424,500. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 95,138 shares of company stock worth $4,648,587. 2.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Benchmark restated a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Wall Street Zen raised shares of HNI from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Wells Fargo & Company set a $65.00 price objective on shares of HNI in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, HNI has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

HNI Trading Down 0.4%

NYSE HNI opened at $45.92 on Wednesday. HNI Corporation has a 1-year low of $28.93 and a 1-year 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. The company has a market capitalization of $3.31 billion, a PE ratio of 510.25, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93. The firm’s fifty day simple moving average is $47.54 and its 200-day simple moving average is $40.64.

HNI (NYSE:HNI) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%. The business’s revenue for the quarter was up 120.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. 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, sell-side analysts anticipate that HNI Corporation will post 4.19 earnings per share for the current fiscal year.

HNI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. HNI’s dividend payout ratio (DPR) is 1,555.56%.

About HNI

HNI Corporation (NYSE:HNI), headquartered in Muscatine, Iowa, is a workplace and residential building products company. Its businesses serve organizations, businesses, education and government customers, as well as residential consumers through office furnishings and hearth products.

HNI’s workplace furnishings portfolio includes desks, tables, seating, storage, collaborative products and related workplace solutions. Its brands include HON, Allsteel, HBF and Gunlocke, among others. The company sells products through dealers, retailers, e-commerce channels and other distribution partners, primarily serving customers in North America.

Through its hearth products business, HNI manufactures fireplaces, inserts, stoves and related products fueled by gas, wood and pellets.