Susquehanna International Group LLP Has $219,000 Position in HNI Corporation $HNI

Susquehanna International Group LLP cut its position in HNI Corporation (NYSE:HNI) by 77.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,424 shares of the business services provider’s stock after selling 18,346 shares during the quarter. Susquehanna International Group LLP’s holdings in HNI were worth $219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Triumph Capital Management acquired a new position in shares of HNI in the third quarter valued at approximately $28,000. Allworth Financial LP acquired a new stake in HNI during the 2nd quarter worth approximately $50,000. Public Employees Retirement System of Ohio bought a new stake in HNI during the 2nd quarter worth approximately $78,000. Elevation Point Wealth Partners LLC bought a new stake in HNI during the 2nd quarter worth approximately $369,000. Finally, Royal Bank of Canada increased its position in HNI by 20.5% in the 1st quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 1,472 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HNI shares. Benchmark reiterated a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price objective on HNI in a report on Wednesday, July 15th. Finally, Weiss Ratings raised HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Insider Activity

In related news, CEO Jeffrey D. Lorenger sold 45,850 shares of HNI stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the sale, the chief executive officer owned 148,490 shares of the company’s stock, valued at approximately $7,060,699.50. This trade represents a 23.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 95,138 shares of company stock valued at $4,648,587. 2.15% of the stock is owned by company insiders.

HNI Trading Down 2.1%

NYSE:HNI opened at $47.42 on Wednesday. The firm’s fifty day moving average is $44.41 and its 200-day moving average is $39.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. HNI Corporation has a 52 week low of $28.93 and a 52 week high of $52.79. The firm has a market cap of $3.42 billion, a P/E ratio of 526.95, a P/E/G ratio of 0.57 and a beta of 0.92.

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

HNI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, August 28th. HNI’s dividend payout ratio (DPR) is currently 1,555.56%.

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.