HNI Corporation (NYSE:HNI) Chairman Stanley A. Askren sold 6,111 shares of HNI stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $33.66, for a total value of $205,696.26. Following the completion of the sale, the chairman now owns 214,750 shares of the company’s stock, valued at $7,228,485. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $35.07, for a total value of $105,946.47.
  • 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 value of $509,040.00.

Shares of HNI Corporation (HNI) traded down $0.17 during mid-day trading on Thursday, hitting $33.51. The stock had a trading volume of 209,706 shares, compared to its average volume of 228,122. HNI Corporation has a 1-year low of $31.16 and a 1-year high of $56.94. The stock has a market capitalization of $1,460.46, a price-to-earnings ratio of 14.50 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 issued its quarterly earnings results on Monday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. HNI had a return on equity of 21.09% and a net margin of 3.08%. The business had revenue of $599.50 million for the quarter, compared to analyst estimates of $585.07 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. equities analysts expect that HNI Corporation will post 1.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, November 17th. HNI’s payout ratio is presently 76.00%.

HNI has been the subject of several recent research reports. BidaskClub downgraded HNI from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. UBS upgraded HNI from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. Citigroup upgraded HNI to an “outperform” rating and set a $42.00 price objective for the company in a report on Wednesday, August 23rd. Raymond James Financial upgraded HNI from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded shares of HNI from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $44.50.

A number of large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its stake in shares of HNI by 5,066.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 240,441 shares of the business services provider’s stock worth $9,972,000 after buying an additional 235,787 shares during the period. New York State Common Retirement Fund raised its stake in shares of HNI by 51.8% during 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 buying an additional 24,300 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of HNI by 2.2% during 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 buying an additional 22,330 shares during the period. Rhumbline Advisers raised its stake in shares of HNI by 8.9% during the 3rd 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 period. Finally, SG Americas Securities LLC raised its stake in shares of HNI by 102.7% during the 2nd 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 period. 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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