Aperio Group LLC trimmed its position in shares of HNI Corp (NYSE:HNI) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,077 shares of the business services provider’s stock after selling 3,272 shares during the period. Aperio Group LLC’s holdings in HNI were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Systematic Financial Management LP grew its holdings in HNI by 1.2% during the third quarter. Systematic Financial Management LP now owns 149,799 shares of the business services provider’s stock valued at $6,212,000 after purchasing an additional 1,790 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings 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 purchasing an additional 1,900 shares during the period. SG Americas Securities LLC grew its holdings in HNI by 18.6% during the third quarter. SG Americas Securities LLC now owns 16,463 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 2,586 shares during the period. Rhumbline Advisers grew its holdings in HNI by 8.9% during the third quarter. Rhumbline Advisers now owns 95,340 shares of the business services provider’s stock valued at $3,954,000 after purchasing an additional 7,783 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in HNI by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 1,048,786 shares of the business services provider’s stock valued at $43,493,000 after purchasing an additional 22,330 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.
Shares of HNI stock opened at $38.80 on Wednesday. The stock has a market capitalization of $1,704.34, a price-to-earnings ratio of 19.11 and a beta of 1.42. HNI Corp has a 12-month low of $31.16 and a 12-month high of $48.32. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.47.
HNI (NYSE:HNI) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.05. The firm had revenue of $584.30 million for the quarter, compared to the consensus estimate of $567.83 million. HNI had a return on equity of 17.64% and a net margin of 4.13%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. sell-side analysts forecast that HNI Corp will post 2.5 EPS for the current year.
The business also recently announced 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. The ex-dividend date was Friday, February 23rd. This represents a $1.14 annualized dividend and a dividend yield of 2.94%. HNI’s dividend payout ratio is currently 56.16%.
In other HNI news, SVP Kurt A. Tjaden sold 10,000 shares of the stock in a transaction on Monday, March 19th. The stock was sold at an average price of $38.71, for a total transaction of $387,100.00. Following the sale, the senior vice president now owns 49,634 shares in the company, valued at $1,921,332.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,212 shares of company stock worth $1,569,107. Company insiders own 5.16% of the company’s stock.
HNI has been the subject of several research reports. Zacks Investment Research raised HNI from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Seaport Global Securities reissued a “neutral” rating on shares of HNI in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. HNI presently has an average rating of “Hold” and a consensus price target of $42.00.
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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.
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