HNI Co. (NYSE:HNI) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC decreased its stake in shares of HNI Co. (NYSE:HNI) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,613 shares of the business services provider’s stock after selling 826 shares during the period. Gallacher Capital Management LLC’s holdings in HNI were worth $535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of HNI by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 238,465 shares of the business services provider’s stock worth $12,839,000 after buying an additional 4,358 shares during the last quarter. Covestor Ltd increased its stake in HNI by 219.9% during the third quarter. Covestor Ltd now owns 739 shares of the business services provider’s stock worth $40,000 after acquiring an additional 508 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in HNI by 8.5% during the third quarter. Crossmark Global Holdings Inc. now owns 7,865 shares of the business services provider’s stock worth $423,000 after acquiring an additional 616 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in HNI by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 13,987 shares of the business services provider’s stock worth $753,000 after acquiring an additional 287 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in HNI during the 3rd quarter worth approximately $2,245,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Insider Activity at HNI

In other news, insider Brian Scott Smith sold 556 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $49.90, for a total transaction of $27,744.40. Following the completion of the sale, the insider now directly owns 14,394 shares in the company, valued at $718,260.60. This trade represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.36% of the company’s stock.

HNI Stock Up 1.0 %

Shares of NYSE HNI opened at $43.59 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36. HNI Co. has a 12-month low of $40.94 and a 12-month high of $58.42. The company has a market cap of $2.05 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.14 and a beta of 0.90. The stock has a fifty day moving average price of $48.07 and a 200 day moving average price of $51.38.

HNI (NYSE:HNI) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.13. HNI had a net margin of 5.52% and a return on equity of 18.27%. The company had revenue of $642.50 million during the quarter, compared to the consensus estimate of $657.03 million. Research analysts anticipate that HNI Co. will post 3.6 EPS for the current fiscal year.

HNI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, February 24th. HNI’s payout ratio is 45.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st.

HNI Company Profile

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.