Insider Selling: HNI (NYSE:HNI) CEO Sells $75,200.00 in Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 1,504 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $50.00, for a total value of $75,200.00. Following the sale, the chief executive officer owned 148,490 shares in the company, valued at $7,424,500. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Price Performance

Shares of NYSE:HNI opened at $48.11 on Friday. The company has a market cap of $3.47 billion, a P/E ratio of 534.61, a P/E/G ratio of 0.57 and a beta of 0.92. The business has a fifty day simple moving average of $44.82 and a 200-day simple moving average of $39.34. HNI Corporation has a 52 week low of $28.93 and a 52 week high of $52.79. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76.

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

HNI Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On HNI

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

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.