HNI Corporation $HNI Shares Sold by Lone Peak Global Investors LLC

Lone Peak Global Investors LLC lowered its position in shares of HNI Corporation (NYSE:HNI) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 536,672 shares of the business services provider’s stock after selling 11,043 shares during the period. HNI makes up about 3.0% of Lone Peak Global Investors LLC’s investment portfolio, making the stock its 16th largest position. Lone Peak Global Investors LLC’s holdings in HNI were worth $21,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Triumph Capital Management purchased a new position in shares of HNI in the third quarter valued at $28,000. AQR Capital Management LLC grew its holdings in HNI by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 802 shares in the last quarter. Allworth Financial LP purchased a new stake in HNI during the 2nd quarter worth $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in HNI by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider’s stock worth $1,252,000 after buying an additional 1,290 shares during the period. Finally, Royal Bank of Canada lifted its holdings in HNI by 20.5% in the 1st quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider’s stock worth $383,000 after buying an additional 1,472 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

HNI Trading Down 2.1%

NYSE HNI opened at $47.42 on Wednesday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 526.95, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92. 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 Corporation has a 12 month low of $28.93 and a 12 month high of $52.79. The company’s fifty day moving average price is $44.41 and its two-hundred day moving average price is $39.36.

HNI (NYSE:HNI) last released its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.23. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The company’s revenue was up 120.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, research analysts predict that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, August 28th. This represents a $1.40 annualized dividend and a yield of 3.0%. HNI’s dividend payout ratio is presently 1,555.56%.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the sale, the chief executive officer directly owned 148,490 shares in the company, valued at approximately $7,060,699.50. The trade was a 23.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 95,138 shares of company stock valued at $4,648,587. 2.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.