Jeffrey Lorenger Sells 39,576 Shares of HNI (NYSE:HNI) Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 39,576 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $50.09, for a total value of $1,982,361.84. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,437,864.10. The trade was a 21.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Down 1.9%

HNI stock opened at $49.03 on Friday. The stock has a 50-day simple moving average of $43.86 and a two-hundred day simple moving average of $39.50. 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 Corporation has a twelve month low of $28.93 and a twelve month high of $52.79. The firm has a market capitalization of $3.54 billion, a PE ratio of 544.84, a PEG ratio of 0.58 and a beta of 0.91.

HNI (NYSE:HNI) last issued its quarterly earnings data 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. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI’s revenue for the quarter was up 120.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 earnings per share. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. On average, equities analysts predict that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. HNI’s payout ratio is presently 1,555.56%.

Analyst Upgrades and Downgrades

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

Institutional Trading of HNI

A number of hedge funds have recently made changes to their positions in HNI. Triumph Capital Management purchased a new stake in HNI during the 3rd quarter valued at $28,000. Nykredit A S bought a new stake in shares of HNI in the 2nd quarter worth $36,000. Allworth Financial LP purchased a new position in shares of HNI in the second quarter worth $50,000. Public Employees Retirement System of Ohio purchased a new position in shares of HNI in the second quarter worth $78,000. Finally, denkapparat Operations GmbH bought a new position in shares of HNI during the second quarter valued at $227,000. 75.26% of the stock is owned by institutional investors.

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.