HNI Corp (NYSE:HNI) Chairman Stanley A. Askren sold 11,264 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $46.01, for a total transaction of $518,256.64. The sale was disclosed in a legal filing with the SEC, which is available through this link.

HNI Corp (NYSE:HNI) traded down 0.06% during mid-day trading on Tuesday, hitting $46.23. 167,567 shares of the stock were exchanged. The stock has a 50 day moving average of $45.95 and a 200-day moving average of $47.56. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 24.59 and a beta of 1.44. HNI Corp has a 52-week low of $37.24 and a 52-week high of $56.96.

HNI Corp (NYSE:HNI) last posted its earnings results on Wednesday, February 8th. The business services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.03. HNI Corp had a net margin of 3.88% and a return on equity of 23.75%. The business earned $581.30 million during the quarter, compared to analysts’ expectations of $581.50 million. During the same period last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities analysts predict that HNI Corp will post $2.94 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for HNI Corp (NYSE:HNI)

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its position in HNI Corp by 4.3% in the third quarter. Rhumbline Advisers now owns 85,167 shares of the business services provider’s stock worth $3,390,000 after buying an additional 3,516 shares during the period. Teachers Advisors LLC raised its position in HNI Corp by 10.2% in the third quarter. Teachers Advisors LLC now owns 85,426 shares of the business services provider’s stock worth $3,400,000 after buying an additional 7,934 shares during the period. BlackRock Fund Advisors raised its position in HNI Corp by 5.6% in the third quarter. BlackRock Fund Advisors now owns 2,328,923 shares of the business services provider’s stock worth $92,691,000 after buying an additional 122,473 shares during the period. BlackRock Investment Management LLC raised its position in HNI Corp by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 278,653 shares of the business services provider’s stock worth $11,090,000 after buying an additional 789 shares during the period. Finally, BlackRock Advisors LLC raised its position in HNI Corp by 7.6% in the third quarter. BlackRock Advisors LLC now owns 29,128 shares of the business services provider’s stock worth $1,159,000 after buying an additional 2,066 shares during the period. 67.13% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of HNI Corp from a “hold” rating to a “sell” rating in a research report on Monday, April 10th. Sidoti raised shares of HNI Corp from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 28th. Finally, Off Wall Street reissued a “strong sell” rating and set a $35.00 price objective on shares of HNI Corp in a research report on Tuesday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.33.

HNI Corp Company Profile

HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.

5 Day Chart for NYSE:HNI

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