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

HNI Co. (NYSE:HNI) insider Brian Scott Smith sold 556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total transaction of $27,744.40. Following the completion of the sale, the insider now owns 14,394 shares in the company, valued at approximately $718,260.60. The trade was a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

HNI Stock Down 4.9 %

Shares of NYSE HNI opened at $46.72 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 0.68. HNI Co. has a 1 year low of $40.94 and a 1 year high of $58.42. The company has a 50 day simple moving average of $49.83 and a 200 day simple moving average of $51.99. The firm has a market cap of $2.23 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90.

HNI (NYSE:HNI) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping 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%. The firm had revenue of $642.50 million during the quarter, compared to analyst estimates of $657.03 million. On average, research analysts forecast that HNI Co. will post 2.93 EPS for the current year.

HNI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, February 24th. This represents a $1.32 annualized dividend and a yield of 2.83%. HNI’s payout ratio is 51.16%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a report on Friday.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of HNI in the 3rd quarter valued at $27,000. Smartleaf Asset Management LLC increased its stake in shares of HNI by 85.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 258 shares in the last quarter. Covestor Ltd increased its stake in shares of HNI by 219.9% in the 3rd quarter. Covestor Ltd now owns 739 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 508 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of HNI by 649.1% in the 4th quarter. Sterling Capital Management LLC now owns 809 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 701 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of HNI in the 4th quarter valued at $55,000. Institutional investors own 75.26% of the company’s stock.

HNI Company 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.