HNI (NYSE:HNI) CEO Sells $35,007.00 in Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $50.01, for a total transaction of $35,007.00. Following the completion of the transaction, the chief executive officer owned 148,490 shares of the company’s stock, valued at $7,425,984.90. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Performance

HNI stock opened at $49.03 on Friday. The firm’s 50 day simple moving average is $43.86 and its 200 day simple moving average is $39.50. 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 firm has a market capitalization of $3.54 billion, a PE ratio of 544.84, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91. HNI Corporation has a 1-year low of $28.93 and a 1-year high of $52.79.

HNI (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company posted $1.11 EPS. The business’s revenue for the quarter was up 120.7% compared to the same quarter last year. 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 expect that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Dividend Announcement

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

Institutional Trading of HNI

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of HNI during the 3rd quarter worth $28,000. Nykredit A S bought a new position in HNI in the second quarter valued at $36,000. Allworth Financial LP bought a new position in HNI in the second quarter valued at $50,000. Public Employees Retirement System of Ohio purchased a new stake in HNI during the second quarter valued at about $78,000. Finally, denkapparat Operations GmbH purchased a new stake in HNI during the second quarter valued at about $227,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Benchmark reaffirmed a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price target on HNI in a research report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.