Systematic Financial Management LP grew its stake in HNI Corporation (NYSE:HNI) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,799 shares of the business services provider’s stock after purchasing an additional 1,790 shares during the period. Systematic Financial Management LP owned approximately 0.34% of HNI Corporation worth $6,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of HNI. KCG Holdings Inc. purchased a new stake in shares of HNI Corporation in the first quarter valued at approximately $205,000. SG Americas Securities LLC grew its position in shares of HNI Corporation by 102.7% in the second quarter. SG Americas Securities LLC now owns 13,877 shares of the business services provider’s stock valued at $553,000 after purchasing an additional 7,031 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of HNI Corporation by 51.8% in the third quarter. New York State Common Retirement Fund now owns 71,200 shares of the business services provider’s stock valued at $2,953,000 after purchasing an additional 24,300 shares in the last quarter. Rhumbline Advisers grew its position in shares of HNI Corporation by 8.9% in the third quarter. Rhumbline Advisers now owns 95,340 shares of the business services provider’s stock valued at $3,954,000 after purchasing an additional 7,783 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of HNI Corporation by 5,066.3% in the third quarter. Russell Investments Group Ltd. now owns 240,441 shares of the business services provider’s stock valued at $9,972,000 after purchasing an additional 235,787 shares in the last quarter. Institutional investors and hedge funds own 71.92% of the company’s stock.

In related news, Chairman Stanley A. Askren sold 12,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $37.78, for a total value of $453,360.00. Following the completion of the transaction, the chairman now directly owns 216,996 shares in the company, valued at $8,198,108.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 36,000 shares of company stock valued at $1,399,680 over the last quarter. 5.16% of the stock is currently owned by company insiders.

Shares of HNI Corporation (HNI) traded down $0.22 during trading on Friday, reaching $33.64. The company had a trading volume of 132,000 shares, compared to its average volume of 229,342. The stock has a market capitalization of $1,460.89, a price-to-earnings ratio of 14.50 and a beta of 1.49. HNI Corporation has a 52 week low of $31.16 and a 52 week high of $56.94. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.59.

HNI Corporation (NYSE:HNI) last issued its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.02. The company had revenue of $599.50 million during the quarter, compared to analyst estimates of $585.07 million. HNI Corporation had a return on equity of 21.09% and a net margin of 3.08%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. equities research analysts predict that HNI Corporation will post 1.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be given a $0.285 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.14 annualized dividend and a yield of 3.39%. HNI Corporation’s payout ratio is 76.00%.

A number of research firms have recently issued reports on HNI. BidaskClub lowered HNI Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded HNI Corporation from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Rowe lowered HNI Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Raymond James Financial, Inc. upgraded HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Wednesday, August 23rd. Finally, UBS AG upgraded HNI Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.50.

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HNI Corporation Company Profile

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.

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Institutional Ownership by Quarter for HNI Corporation (NYSE:HNI)

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