Jeffrey Lorenger Sells 7,508 Shares of HNI (NYSE:HNI) Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 7,508 shares of HNI stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $50.06, for a total transaction of $375,850.48. Following the sale, the chief executive officer owned 148,490 shares of the company’s stock, valued at approximately $7,433,409.40. This represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Trading Down 1.9%

Shares of NYSE HNI opened at $49.03 on Friday. The company’s 50 day simple moving average is $43.86 and its 200 day simple moving average is $39.50. HNI Corporation has a fifty-two week low of $28.93 and a fifty-two week high of $52.79. The firm has a market capitalization of $3.54 billion, a P/E ratio of 544.84, a P/E/G ratio of 0.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88.

HNI (NYSE:HNI) last released its earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The business’s quarterly revenue was up 120.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. On average, analysts predict that HNI Corporation will post 4.24 EPS for the current year.

HNI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. HNI’s payout ratio is 1,555.56%.

Institutional Investors Weigh In On HNI

Several large investors have recently modified their holdings of HNI. Triumph Capital Management bought a new position in shares of HNI during the third quarter worth approximately $28,000. AQR Capital Management LLC boosted its stake in HNI by 6.3% in the 1st quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 802 shares during the period. Nykredit A S acquired a new position in HNI in the 2nd quarter valued at $36,000. Amundi grew its holdings in HNI by 9.3% in the 2nd quarter. Amundi now owns 13,552 shares of the business services provider’s stock valued at $548,000 after buying an additional 1,152 shares in the last quarter. Finally, Allworth Financial LP bought a new position in HNI during the 2nd quarter worth $50,000. 75.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HNI has been the topic of several analyst reports. Wells Fargo & Company set a $65.00 target price on HNI in a research note on Wednesday, July 15th. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Finally, Benchmark reiterated a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, HNI presently has an average rating of “Moderate Buy” and an average price target of $65.00.

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.