Jeffrey Lorenger Sells 1,504 Shares of HNI (NYSE:HNI) Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 1,504 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $50.00, for a total transaction of $75,200.00. Following the transaction, the chief executive officer owned 148,490 shares of the company’s stock, valued at $7,424,500. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a 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.

HNI Trading Up 2.0%

Shares of NYSE:HNI opened at $48.40 on Thursday. HNI Corporation has a 52 week low of $28.93 and a 52 week high of $52.79. The company’s 50 day moving average is $44.64 and its two-hundred day moving average is $39.35. The company has a market cap of $3.49 billion, a PE ratio of 537.85, a P/E/G ratio of 0.56 and a beta of 0.92. 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 issued its earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts predict that HNI Corporation will post 4.24 earnings per share 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 given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. HNI’s dividend payout ratio is currently 1,555.56%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HNI. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note 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 objective on shares of HNI in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, HNI has an average rating of “Moderate Buy” and an average price target of $65.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HNI. Triumph Capital Management purchased a new stake in HNI in the third quarter valued at approximately $28,000. Nykredit A S purchased a new position in HNI during the 2nd quarter worth $36,000. Allworth Financial LP acquired a new stake in shares of HNI during the second quarter worth about $50,000. Public Employees Retirement System of Ohio purchased a new position in shares of HNI during the second quarter worth about $78,000. Finally, denkapparat Operations GmbH purchased a new position in shares of HNI during the second quarter worth about $227,000. Hedge funds and other institutional investors 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.