HNI Corporation (NYSE:HNI) CEO Stanley A. Askren sold 3,032 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $34.62, for a total transaction of $104,967.84. Following the sale, the chief executive officer now owns 213,020 shares in the company, valued at $7,374,752.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Friday, December 1st, Stanley A. Askren sold 3,021 shares of HNI stock. The stock was sold at an average price of $35.07, for a total transaction of $105,946.47.
  • On Tuesday, October 17th, Stanley A. Askren sold 12,000 shares of HNI stock. The stock was 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 midday trading on Tuesday, hitting $33.63. 258,681 shares of the stock were exchanged, compared to its average volume of 228,604. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.59. HNI Corporation has a 12 month low of $31.16 and a 12 month high of $56.94. The firm has a market capitalization of $1,470.00, a P/E ratio of 14.76 and a beta of 1.50.

HNI (NYSE:HNI) last posted its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $599.50 million for the quarter, compared to the consensus estimate of $585.07 million. During the same period last year, the company earned $0.80 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. sell-side analysts predict that HNI Corporation will post 1.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were issued a $0.285 dividend. The ex-dividend date was Friday, November 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.39%. HNI’s dividend payout ratio (DPR) is presently 76.51%.

Several analysts have commented on HNI shares. Zacks Investment Research upgraded shares of HNI from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Raymond James Financial restated a “market perform” rating on shares of HNI in a report on Tuesday, October 24th. Rowe downgraded shares of HNI from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Citigroup upgraded shares of HNI to an “outperform” rating and set a $42.00 target price on the stock in a report on Wednesday, August 23rd. Finally, UBS upgraded shares of HNI from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. HNI presently has a consensus rating of “Hold” and an average price target of $44.50.

A number of institutional investors and hedge funds have recently modified their holdings of HNI. Fuller & Thaler Asset Management Inc. increased its holdings in HNI by 271.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the business services provider’s stock worth $108,000 after buying an additional 1,900 shares during the last quarter. SG Americas Securities LLC increased its holdings in HNI by 102.7% during the second quarter. SG Americas Securities LLC now owns 13,877 shares of the business services provider’s stock worth $553,000 after buying an additional 7,031 shares during the last quarter. New York State Common Retirement Fund increased its holdings in HNI by 51.8% during the third quarter. New York State Common Retirement Fund now owns 71,200 shares of the business services provider’s stock worth $2,953,000 after buying an additional 24,300 shares during the last quarter. Rhumbline Advisers increased its holdings in HNI by 8.9% during the third quarter. Rhumbline Advisers now owns 95,340 shares of the business services provider’s stock worth $3,954,000 after buying an additional 7,783 shares during the last quarter. Finally, Systematic Financial Management LP increased its holdings in HNI by 1.2% during the third quarter. Systematic Financial Management LP now owns 149,799 shares of the business services provider’s stock worth $6,212,000 after buying an additional 1,790 shares during the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.

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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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