HNI Co. (NYSE:HNI) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of HNI Co. (NYSE:HNI) by 76.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,679 shares of the business services provider’s stock after selling 100,283 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of HNI worth $1,545,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HNI. Contravisory Investment Management Inc. boosted its holdings in shares of HNI by 5.1% during the fourth quarter. Contravisory Investment Management Inc. now owns 4,501 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 220 shares during the period. Inspire Investing LLC lifted its position in HNI by 3.1% in the 4th quarter. Inspire Investing LLC now owns 7,942 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 242 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in HNI by 85.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 258 shares during the period. State of Alaska Department of Revenue grew its position in HNI by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 27,168 shares of the business services provider’s stock worth $1,368,000 after purchasing an additional 267 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of HNI by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 13,987 shares of the business services provider’s stock valued at $753,000 after purchasing an additional 287 shares during the period. Institutional investors own 75.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st.

Insider Transactions at HNI

In related news, insider Brian Scott Smith sold 556 shares of the business’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 value of $27,744.40. Following the sale, the insider now directly owns 14,394 shares in the company, valued at $718,260.60. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.36% of the company’s stock.

HNI Price Performance

Shares of HNI opened at $43.85 on Thursday. HNI Co. has a one year low of $40.94 and a one year high of $58.42. The stock’s fifty day moving average is $47.89 and its 200-day moving average is $51.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.10. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.14 and a beta of 0.90.

HNI (NYSE:HNI) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. HNI had a net margin of 5.52% and a return on equity of 18.27%. The company had revenue of $642.50 million during the quarter, compared to analyst estimates of $657.03 million. Equities analysts anticipate that HNI Co. will post 3.6 EPS for the current year.

HNI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, February 24th. HNI’s dividend payout ratio (DPR) is presently 45.67%.

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.