Brian Scott Smith Sells 556 Shares of HNI Co. (NYSE:HNI) Stock

HNI Co. (NYSE:HNI) insider Brian Scott Smith sold 556 shares of HNI stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total transaction of $27,744.40. Following the completion of the sale, the insider now directly owns 14,394 shares of the company’s stock, valued at approximately $718,260.60. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

HNI Price Performance

HNI opened at $46.72 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 0.68. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.13 and a beta of 0.90. The firm’s fifty day moving average price is $49.83 and its two-hundred day moving average price is $51.99. HNI Co. has a 1 year low of $40.94 and a 1 year high of $58.42.

HNI (NYSE:HNI) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. The firm had revenue of $642.50 million for the quarter, compared to the consensus estimate of $657.03 million. HNI had a net margin of 4.83% and a return on equity of 19.29%. As a group, analysts anticipate that HNI Co. will post 2.93 earnings per share for the current fiscal year.

HNI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, February 24th. HNI’s payout ratio is 51.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Institutional Investors Weigh In On HNI

A number of hedge funds have recently made changes to their positions in HNI. Creative Planning bought a new stake in shares of HNI during the 3rd quarter worth $454,000. Eastern Bank bought a new stake in shares of HNI during the 3rd quarter worth $27,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of HNI by 60.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 13,936 shares of the business services provider’s stock worth $750,000 after purchasing an additional 5,226 shares during the period. Farther Finance Advisors LLC raised its stake in shares of HNI by 4,746.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,181 shares of the business services provider’s stock worth $117,000 after purchasing an additional 2,136 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of HNI by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 238,465 shares of the business services provider’s stock worth $12,839,000 after purchasing an additional 4,358 shares during the period. 75.26% of the stock is currently owned by institutional investors.

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.