Insider Selling: HNI Co. (NYSE:HNI) Director Sells 5,299 Shares of Stock

HNI Co. (NYSE:HNI) Director Miguel M. Calado sold 5,299 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $52.96, for a total value of $280,635.04. Following the transaction, the director now directly owns 31,159 shares in the company, valued at approximately $1,650,180.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

HNI Stock Up 1.4 %

NYSE:HNI opened at $53.89 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.73 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $49.53 and a 200-day moving average of $45.88. The firm has a market capitalization of $2.55 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 1.41 and a beta of 0.86. HNI Co. has a 52 week low of $31.02 and a 52 week high of $56.13.

HNI (NYSE:HNI) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.18. HNI had a return on equity of 19.15% and a net margin of 4.39%. The business had revenue of $623.70 million during the quarter, compared to analyst estimates of $637.74 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts predict that HNI Co. will post 3.17 EPS for the current year.

HNI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.32 annualized dividend and a dividend yield of 2.45%. HNI’s dividend payout ratio is currently 97.78%.

Institutional Trading of HNI

Hedge funds have recently bought and sold shares of the company. USA Financial Formulas bought a new position in HNI in the 4th quarter worth about $25,000. Quest Partners LLC acquired a new position in shares of HNI during the second quarter worth approximately $29,000. FinTrust Capital Advisors LLC bought a new position in HNI in the 4th quarter worth approximately $42,000. Northwest Financial Advisors acquired a new stake in HNI in the 4th quarter valued at approximately $134,000. Finally, Daiwa Securities Group Inc. bought a new stake in HNI during the 1st quarter valued at $202,000. 75.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HNI. Benchmark raised their price objective on HNI from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded shares of HNI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th.

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.