New York State Common Retirement Fund Sells 110,222 Shares of HNI Corporation $HNI

New York State Common Retirement Fund decreased its position in HNI Corporation (NYSE:HNI) by 87.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,176 shares of the business services provider’s stock after selling 110,222 shares during the period. New York State Common Retirement Fund’s holdings in HNI were worth $758,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cooke & Bieler LP bought a new stake in shares of HNI during the third quarter valued at approximately $28,744,000. Nations Financial Group Inc. IA ADV acquired a new stake in HNI during the third quarter worth $203,000. Versant Capital Management Inc increased its holdings in HNI by 433.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,110 shares of the business services provider’s stock valued at $52,000 after buying an additional 902 shares during the period. SG Americas Securities LLC raised its stake in shares of HNI by 4.0% in the 3rd quarter. SG Americas Securities LLC now owns 15,938 shares of the business services provider’s stock valued at $747,000 after buying an additional 608 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of HNI by 14.2% during the 2nd quarter. State of Tennessee Department of Treasury now owns 31,132 shares of the business services provider’s stock worth $1,531,000 after acquiring an additional 3,866 shares during the period. Institutional investors own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

HNI has been the topic of several recent research reports. Wall Street Zen lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings raised HNI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 3rd. Finally, Benchmark reiterated a “buy” rating on shares of HNI in a research note on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, HNI has an average rating of “Moderate Buy” and an average price target of $75.00.

HNI Trading Down 0.0%

Shares of HNI stock opened at $51.78 on Wednesday. The company has a market capitalization of $2.37 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.63 and a beta of 0.94. HNI Corporation has a 12-month low of $38.03 and a 12-month high of $53.29. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $44.81 and a 200 day moving average price of $44.31.

HNI Profile

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.