HNI Corporation (NYSE:HNI) CEO Stanley A. Askren sold 3,021 shares of HNI stock in a transaction on Friday, December 1st. The shares were sold at an average price of $35.07, for a total transaction of $105,946.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Stanley A. Askren also recently made the following trade(s):

  • On Tuesday, October 17th, Stanley A. Askren sold 12,000 shares of HNI stock. The shares were sold at an average price of $42.42, for a total transaction of $509,040.00.

HNI Corporation (NYSE HNI) traded down $0.67 during trading on Tuesday, reaching $33.63. 258,681 shares of the company traded hands, compared to its average volume of 228,604. HNI Corporation has a 12-month low of $31.16 and a 12-month high of $56.94. The stock has a market cap of $1,470.00, a P/E ratio of 14.76 and a beta of 1.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.08 and a quick ratio of 0.74.

HNI (NYSE:HNI) last released its quarterly earnings results on Monday, October 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. HNI had a net margin of 3.08% and a return on equity of 21.09%. The firm had revenue of $599.50 million for the quarter, compared to the consensus estimate of $585.07 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. sell-side analysts predict that HNI Corporation will post 1.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.39%. The ex-dividend date was Friday, November 17th. HNI’s dividend payout ratio (DPR) is 76.51%.

A number of equities analysts have weighed in on HNI shares. Zacks Investment Research lowered shares of HNI from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Rowe lowered shares of HNI from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Raymond James Financial restated a “market perform” rating on shares of HNI in a report on Tuesday, October 24th. UBS upgraded shares of HNI from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. Finally, Citigroup raised shares of HNI to an “outperform” rating and set a $42.00 price target on the stock in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $44.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC increased its position in shares of HNI by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,048,786 shares of the business services provider’s stock worth $43,493,000 after purchasing an additional 22,330 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of HNI by 5,066.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 240,441 shares of the business services provider’s stock worth $9,972,000 after purchasing an additional 235,787 shares during the last quarter. Systematic Financial Management LP increased its position in shares of HNI by 1.2% in the 3rd quarter. Systematic Financial Management LP now owns 149,799 shares of the business services provider’s stock worth $6,212,000 after purchasing an additional 1,790 shares during the last quarter. Rhumbline Advisers increased its position in shares of HNI by 8.9% in the 3rd quarter. Rhumbline Advisers now owns 95,340 shares of the business services provider’s stock worth $3,954,000 after purchasing an additional 7,783 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of HNI by 51.8% in the 3rd quarter. New York State Common Retirement Fund now owns 71,200 shares of the business services provider’s stock worth $2,953,000 after purchasing an additional 24,300 shares during the last quarter. 70.83% of the stock is owned by institutional investors.

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About HNI

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.

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

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