HNI (NYSE:HNI) CEO Jeffrey Lorenger Sells 700 Shares

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 700 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $50.01, for a total transaction of $35,007.00. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares in the company, valued at $7,425,984.90. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Performance

NYSE HNI opened at $49.72 on Thursday. The stock has a market cap of $3.59 billion, a PE ratio of 552.51, a P/E/G ratio of 0.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The firm has a 50-day moving average of $43.28 and a 200-day moving average of $39.45. HNI Corporation has a 52-week low of $28.93 and a 52-week high of $52.79.

HNI (NYSE:HNI) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.23. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI’s quarterly revenue was up 120.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. On average, sell-side analysts anticipate that HNI Corporation will post 4.24 EPS for the current year.

HNI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. HNI’s dividend payout ratio is presently 1,555.56%.

Analysts Set New Price Targets

HNI has been the topic of several research reports. Benchmark restated a “buy” rating on shares of HNI in a research note on Wednesday, July 15th. Weiss Ratings raised shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company set a $65.00 target price on shares of HNI in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, HNI has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HNI. Triumph Capital Management bought a new stake in HNI during the third quarter worth about $28,000. Nykredit A S acquired a new stake in shares of HNI during the 2nd quarter worth approximately $36,000. Allworth Financial LP acquired a new position in HNI during the second quarter valued at approximately $50,000. Public Employees Retirement System of Ohio bought a new stake in HNI during the second quarter worth $78,000. Finally, denkapparat Operations GmbH bought a new stake in HNI during the second quarter worth $227,000. Institutional investors own 75.26% of the company’s stock.

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.