HNI (NYSE:HNI) CEO Jeffrey Lorenger Sells 700 Shares of Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 700 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $50.01, for a total transaction of $35,007.00. Following the completion of the transaction, the chief executive officer owned 148,490 shares of the company’s stock, valued at approximately $7,425,984.90. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Performance

Shares of NYSE HNI traded down $0.01 during midday trading on Wednesday, hitting $49.93. 113,939 shares of the company’s stock were exchanged, compared to its average volume of 686,843. HNI Corporation has a twelve month low of $28.93 and a twelve month high of $52.79. The firm has a market cap of $3.60 billion, a P/E ratio of 555.44, a PEG ratio of 0.58 and a beta of 0.91. The stock’s 50 day moving average price is $42.93 and its 200-day moving average price is $39.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88.

HNI (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating 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 analysts’ expectations of $1.48 billion. During the same period last year, the firm earned $1.11 EPS. The firm’s revenue 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 anticipate that HNI Corporation will post 4.24 EPS for the current year.

HNI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, August 28th. HNI’s dividend payout ratio is currently 1,555.56%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On HNI

A number of large investors have recently made changes to their positions in HNI. Triumph Capital Management purchased a new stake in shares of HNI in the third quarter valued at $28,000. Nykredit A S purchased a new stake in HNI in the 2nd quarter worth about $36,000. Allworth Financial LP acquired a new stake in HNI during the 2nd quarter worth about $50,000. Public Employees Retirement System of Ohio acquired a new stake in HNI during the 2nd quarter worth about $78,000. Finally, denkapparat Operations GmbH purchased a new position in HNI during the 2nd quarter valued at about $227,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

HNI Company Profile

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.