HNI Co. (NYSE:HNI) Insider Brian Scott Smith Sells 556 Shares

HNI Co. (NYSE:HNIGet Free Report) insider Brian Scott Smith sold 556 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total value of $27,744.40. Following the sale, the insider now directly owns 14,394 shares in the company, valued at approximately $718,260.60. This represents a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

HNI Price Performance

Shares of NYSE:HNI traded up $0.24 during midday trading on Thursday, reaching $49.26. 557,940 shares of the company were exchanged, compared to its average volume of 293,495. The stock has a market cap of $2.35 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.14 and a beta of 0.90. The business’s fifty day moving average is $50.06 and its two-hundred day moving average is $52.04. HNI Co. has a one year low of $40.94 and a one year high of $58.42. 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:HNIGet Free Report) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. HNI had a net margin of 4.83% and a return on equity of 19.29%. As a group, analysts predict that HNI Co. will post 2.93 earnings per share for the current year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Monday, February 24th. HNI’s payout ratio is 51.16%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on HNI

Institutional Trading of HNI

Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. purchased a new position in shares of HNI in the fourth quarter valued at $69,253,000. FMR LLC grew its stake in shares of HNI by 275.3% in the 3rd quarter. FMR LLC now owns 1,836,205 shares of the business services provider’s stock worth $98,861,000 after buying an additional 1,346,999 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of HNI in the 4th quarter worth about $8,897,000. Invesco Ltd. raised its position in shares of HNI by 35.1% during the 4th quarter. Invesco Ltd. now owns 605,964 shares of the business services provider’s stock valued at $30,522,000 after buying an additional 157,579 shares in the last quarter. Finally, Norges Bank bought a new position in shares of HNI in the 4th quarter valued at about $7,076,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

About HNI

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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.

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Insider Buying and Selling by Quarter for HNI (NYSE:HNI)

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