New York State Teachers Retirement System lifted its holdings in HNI Corp (NYSE:HNI) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 77,944 shares of the business services provider’s stock after purchasing an additional 4,200 shares during the period. New York State Teachers Retirement System’s holdings in HNI were worth $2,762,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of HNI. Northern Trust Corp boosted its holdings in shares of HNI by 2.2% in the 2nd quarter. Northern Trust Corp now owns 699,848 shares of the business services provider’s stock worth $26,035,000 after acquiring an additional 15,341 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of HNI by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,079,643 shares of the business services provider’s stock worth $180,483,000 after acquiring an additional 66,967 shares in the last quarter. IndexIQ Advisors LLC boosted its holdings in shares of HNI by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 62,988 shares of the business services provider’s stock worth $2,787,000 after acquiring an additional 2,378 shares in the last quarter. NWQ Investment Management Company LLC boosted its holdings in shares of HNI by 55.8% in the 3rd quarter. NWQ Investment Management Company LLC now owns 420,044 shares of the business services provider’s stock worth $16,104,000 after acquiring an additional 150,449 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of HNI by 135.8% in the 3rd quarter. SG Americas Securities LLC now owns 26,299 shares of the business services provider’s stock worth $1,163,000 after acquiring an additional 15,144 shares in the last quarter. Institutional investors and hedge funds own 70.75% of the company’s stock.

Several brokerages have recently commented on HNI. Zacks Investment Research raised HNI from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. TheStreet downgraded HNI from a “b” rating to a “c+” rating in a report on Thursday, January 3rd.

In other HNI news, Director Stanley A. Askren sold 54,591 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $37.90, for a total transaction of $2,068,998.90. Following the transaction, the director now owns 287,287 shares of the company’s stock, valued at approximately $10,888,177.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stanley A. Askren sold 23,660 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $37.62, for a total value of $890,089.20. Following the transaction, the director now directly owns 256,356 shares in the company, valued at approximately $9,644,112.72. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.

NYSE:HNI opened at $38.73 on Monday. HNI Corp has a 52-week low of $32.55 and a 52-week high of $45.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 1.18. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 19.66 and a beta of 1.32.

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HNI Company Profile

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. The company's Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, basyx by HON, Lamex, and HNI India brands.

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Institutional Ownership by Quarter for HNI (NYSE:HNI)

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