Jeffrey Lorenger Sells 7,508 Shares of HNI (NYSE:HNI) Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 7,508 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $50.06, for a total transaction of $375,850.48. Following the sale, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,433,409.40. This represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Price Performance

Shares of HNI stock traded down $0.65 during trading hours on Friday, reaching $49.31. The stock had a trading volume of 113,094 shares, compared to its average volume of 684,526. The stock’s 50 day moving average is $43.58 and its 200 day moving average is $39.43. The firm has a market capitalization of $3.56 billion, a PE ratio of 547.95, a PEG ratio of 0.59 and a beta of 0.91. HNI Corporation has a twelve month low of $28.93 and a twelve month high of $52.79. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.

HNI (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company posted $1.11 EPS. The company’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. Equities analysts expect that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 28th. HNI’s dividend payout ratio (DPR) is presently 1,555.56%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HNI. Wells Fargo & Company set a $65.00 price target on shares of HNI in a research note on Wednesday, July 15th. Benchmark reissued a “buy” rating 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 research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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. Burnham & Co LLC purchased a new stake in shares of HNI in the second quarter valued at approximately $4,024,000. Oxford Financial Group LTD. LLC acquired a new position in HNI in the second quarter valued at approximately $2,574,000. Front Street Capital Management Inc. purchased a new position in shares of HNI during the 2nd quarter worth $23,462,000. Deutsche Bank AG purchased a new position in HNI during the second quarter worth about $2,994,000. Finally, Callan Family Office LLC acquired a new stake in HNI in the 2nd quarter valued at approximately $827,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

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.