Legal & General Group Plc Makes New $6.41 Million Investment in HNI Corporation $HNI

Legal & General Group Plc purchased a new stake in shares of HNI Corporation (NYSE:HNI) in the second quarter, Holdings Channel reports. The firm purchased 158,544 shares of the business services provider’s stock, valued at approximately $6,407,000.

Other large investors have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in shares of HNI during the third quarter worth about $28,000. Allworth Financial LP bought a new position in HNI during the 2nd quarter valued at approximately $50,000. Elevation Point Wealth Partners LLC bought a new position in HNI during the 2nd quarter valued at approximately $369,000. 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 during the period. Finally, AQR Capital Management LLC grew its position in shares of HNI by 6.3% in the 1st quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock worth $600,000 after buying an additional 802 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

HNI Stock Performance

HNI stock opened at $48.40 on Thursday. The stock’s 50 day simple moving average is $44.64 and its two-hundred day simple moving average is $39.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 537.85, a PEG ratio of 0.56 and a beta of 0.92. HNI Corporation has a fifty-two week low of $28.93 and a fifty-two week high of $52.79.

HNI (NYSE:HNI) last announced 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. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.The business’s revenue was up 120.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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, analysts expect that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. HNI’s dividend payout ratio is presently 1,555.56%.

Analyst Ratings Changes

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

Insider Transactions at HNI

In other HNI news, CEO Jeffrey D. Lorenger sold 45,850 shares of the stock in a transaction 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 transaction, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,060,699.50. This represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 95,138 shares of company stock valued at $4,648,587 in the last ninety days. 2.15% of the stock is currently owned by corporate insiders.

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.