Stanley A. Askren Sells 25,212 Shares of HNI Corp (HNI) Stock

HNI Corp (NYSE:HNI) Chairman Stanley A. Askren sold 25,212 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $38.95, for a total transaction of $982,007.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

HNI Corp (NYSE:HNI) opened at $39.41 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.68. The firm has a market cap of $1,678.82, a P/E ratio of 19.41 and a beta of 1.42. HNI Corp has a 52-week low of $31.16 and a 52-week high of $48.32.

HNI (NYSE:HNI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. HNI had a net margin of 4.13% and a return on equity of 17.64%. The company had revenue of $584.30 million for the quarter, compared to analysts’ expectations of $567.83 million. During the same period in the prior year, the business earned $0.82 earnings per share. HNI’s revenue for the quarter was up .5% compared to the same quarter last year. analysts anticipate that HNI Corp will post 2.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 26th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Friday, February 23rd. HNI’s payout ratio is currently 56.16%.

A number of hedge funds and other institutional investors have recently modified their holdings of HNI. Fuller & Thaler Asset Management Inc. grew its position in HNI by 271.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 1,900 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in HNI during the fourth quarter valued at approximately $232,000. Crossmark Global Holdings Inc. bought a new position in HNI during the fourth quarter valued at approximately $239,000. Two Sigma Advisers LP bought a new position in HNI during the fourth quarter valued at approximately $257,000. Finally, Vident Investment Advisory LLC bought a new position in HNI during the fourth quarter valued at approximately $267,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Several research analysts recently weighed in on HNI shares. Zacks Investment Research upgraded shares of HNI from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Seaport Global Securities restated a “neutral” rating on shares of HNI in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

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HNI Company Profile

HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.

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

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