HNI (NYSE:HNI) CEO Jeffrey Lorenger Sells 39,576 Shares of Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 39,576 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $50.09, for a total transaction of $1,982,361.84. Following the completion of the sale, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,437,864.10. This trade represents a 21.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Price Performance

HNI stock opened at $49.03 on Friday. The company’s 50 day simple moving average is $43.86 and its 200-day simple moving average is $39.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. HNI Corporation has a 1 year low of $28.93 and a 1 year high of $52.79. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 544.84, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91.

HNI (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $1.11 EPS. The firm’s revenue for the quarter was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, equities research analysts expect that HNI Corporation will post 4.24 earnings per share for the current year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, August 28th. HNI’s payout ratio is currently 1,555.56%.

Hedge Funds Weigh In On HNI

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in HNI during the second quarter worth approximately $431,744,000. California State Teachers Retirement System boosted its holdings in shares of HNI by 3,828.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider’s stock valued at $126,686,000 after buying an additional 3,055,211 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in HNI in the second quarter valued at $37,988,000. Cooke & Bieler LP lifted its position in HNI by 23.0% in the fourth quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock valued at $31,719,000 after acquiring an additional 140,971 shares during the last quarter. Finally, Front Street Capital Management Inc. acquired a new position in HNI in the second quarter valued at $23,462,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HNI. Benchmark restated a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price objective on shares of HNI in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.00.

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.