Mutual of America Capital Management LLC Has $382,000 Holdings in HNI Co. (NYSE:HNI)

Mutual of America Capital Management LLC decreased its stake in shares of HNI Co. (NYSE:HNI) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,090 shares of the business services provider’s stock after selling 684 shares during the quarter. Mutual of America Capital Management LLC’s holdings in HNI were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Crossmark Global Holdings Inc. grew its holdings in HNI by 8.5% in the third quarter. Crossmark Global Holdings Inc. now owns 7,865 shares of the business services provider’s stock worth $423,000 after purchasing an additional 616 shares during the period. Covestor Ltd boosted its position in shares of HNI by 219.9% during the 3rd quarter. Covestor Ltd now owns 739 shares of the business services provider’s stock worth $40,000 after purchasing an additional 508 shares in the last quarter. Summit Global Investments grew its stake in shares of HNI by 2.1% in the 3rd quarter. Summit Global Investments now owns 25,262 shares of the business services provider’s stock valued at $1,360,000 after buying an additional 522 shares during the period. Principal Financial Group Inc. increased its position in HNI by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 238,465 shares of the business services provider’s stock valued at $12,839,000 after buying an additional 4,358 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in HNI by 4,746.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,181 shares of the business services provider’s stock worth $117,000 after buying an additional 2,136 shares during the period. Institutional investors own 75.26% of the company’s stock.

Insider Activity at HNI

In other HNI news, insider Brian Scott Smith sold 2,284 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total value of $123,336.00. Following the completion of the sale, the insider now directly owns 11,902 shares of the company’s stock, valued at approximately $642,708. This represents a 16.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.36% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised HNI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

HNI Stock Performance

HNI opened at $56.27 on Thursday. HNI Co. has a 1-year low of $38.55 and a 1-year high of $58.42. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.64 and a beta of 0.85. The company’s fifty day moving average price is $53.44 and its two-hundred day moving average price is $50.14. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36.

HNI (NYSE:HNI) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $672.20 million for the quarter, compared to analyst estimates of $712.75 million. HNI had a net margin of 4.83% and a return on equity of 19.29%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. On average, analysts expect that HNI Co. will post 2.93 EPS for the current fiscal year.

HNI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.32 annualized dividend and a yield of 2.35%. HNI’s dividend payout ratio (DPR) is currently 51.16%.

HNI Profile

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.