HNI (NYSE:HNI) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of HNI Corporation (NYSE:HNI) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $40.41 and traded as high as $48.48. HNI shares last traded at $46.8320, with a volume of 622,825 shares changing hands.

Wall Street Analysts Forecast Growth

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

HNI Price Performance

The company has a 50 day simple moving average of $47.67 and a 200 day simple moving average of $40.41. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 520.41, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

HNI (NYSE:HNI) last released its quarterly 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business earned $1.11 EPS. HNI’s quarterly revenue 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, research analysts predict that HNI Corporation will post 4.19 EPS for the current year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 28th. HNI’s payout ratio is currently 1,555.56%.

Insider Activity at HNI

In related news, CEO Jeffrey Lorenger sold 45,850 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $47.55, for a total transaction of $2,180,167.50. Following the sale, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at approximately $7,060,699.50. This represents a 23.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 95,138 shares of company stock valued at $4,648,587. 2.15% of the stock is currently owned by company insiders.

Institutional Trading of HNI

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of HNI during the second quarter valued at $431,744,000. Bank of New York Mellon Corp acquired a new stake in HNI in the 2nd quarter valued at approximately $37,988,000. Front Street Capital Management Inc. bought a new stake in HNI during the 2nd quarter valued at $23,462,000. Pillsbury Lake Capital LLC bought a new position in shares of HNI in the second quarter worth $16,681,571. Finally, Bank of America Corp DE bought a new stake in shares of HNI during the second quarter valued at about $15,724,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

About HNI

HNI Corporation (NYSE:HNI) is a workplace and residential building products company headquartered in Muscatine, Iowa. Its workplace furnishings business designs and manufactures office furniture and related products, including desks, seating, tables, storage, architectural products and workplace accessories. The company serves businesses, government organizations, education institutions and other commercial customers through brands such as HON, Allsteel, Gunlocke, HBF and OFM.

HNI also operates Hearth & Home Technologies, a manufacturer of hearth products for residential and commercial applications.