KBC Group NV Boosts Stock Holdings in HNI Co. (NYSE:HNI)

KBC Group NV grew its holdings in shares of HNI Co. (NYSE:HNI) by 8.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,684 shares of the business services provider’s stock after purchasing an additional 772 shares during the period. KBC Group NV’s holdings in HNI were worth $488,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HNI. Contravisory Investment Management Inc. increased its stake in HNI by 5.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,501 shares of the business services provider’s stock worth $227,000 after buying an additional 220 shares during the period. CWM LLC grew its position in shares of HNI by 3.2% during the third quarter. CWM LLC now owns 7,332 shares of the business services provider’s stock worth $395,000 after acquiring an additional 225 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of HNI by 51.6% in the third quarter. GAMMA Investing LLC now owns 670 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 228 shares during the period. Inspire Investing LLC raised its stake in HNI by 3.1% during the 4th quarter. Inspire Investing LLC now owns 7,942 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 242 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in HNI by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 13,987 shares of the business services provider’s stock valued at $753,000 after buying an additional 287 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of HNI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

HNI Price Performance

Shares of NYSE:HNI opened at $49.79 on Monday. HNI Co. has a one year low of $40.22 and a one year high of $58.42. The company has a market capitalization of $2.38 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.09. The stock has a fifty day moving average of $51.99 and a 200-day moving average of $52.33.

HNI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Monday, November 18th. HNI’s payout ratio is 51.16%.

Insider Activity

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $56.95, for a total value of $113,900.00. Following the transaction, the director now directly owns 37,880 shares of the company’s stock, valued at $2,157,266. This represents a 5.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.36% of the company’s stock.

HNI Company Profile

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.