Strs Ohio boosted its stake in shares of HNI Corp (NYSE:HNI) by 14.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,700 shares of the business services provider’s stock after buying an additional 3,300 shares during the quarter. Strs Ohio owned approximately 0.06% of HNI worth $1,136,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in HNI by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 76,948 shares of the business services provider’s stock worth $2,862,000 after buying an additional 1,583 shares during the period. Mutual of America Capital Management LLC lifted its holdings in HNI by 4.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 37,378 shares of the business services provider’s stock worth $1,390,000 after buying an additional 1,679 shares during the period. Aperio Group LLC lifted its holdings in HNI by 28.6% during the 2nd quarter. Aperio Group LLC now owns 13,028 shares of the business services provider’s stock worth $485,000 after buying an additional 2,900 shares during the period. SG Americas Securities LLC lifted its holdings in HNI by 36.4% during the 2nd quarter. SG Americas Securities LLC now owns 11,155 shares of the business services provider’s stock worth $415,000 after buying an additional 2,974 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its holdings in HNI by 56.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 9,416 shares of the business services provider’s stock worth $340,000 after buying an additional 3,400 shares during the period. 71.75% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Stanley A. Askren sold 15,000 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $44.03, for a total value of $660,450.00. Following the completion of the sale, the director now directly owns 247,124 shares of the company’s stock, valued at approximately $10,880,869.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley A. Askren sold 25,212 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $42.70, for a total value of $1,076,552.40. Following the completion of the sale, the director now directly owns 257,336 shares of the company’s stock, valued at $10,988,247.20. The disclosure for this sale can be found here. Insiders sold a total of 65,424 shares of company stock worth $2,810,025 over the last three months. 5.16% of the stock is owned by company insiders.
HNI has been the topic of several recent research reports. Zacks Investment Research downgraded HNI from a “hold” rating to a “sell” rating in a report on Friday, October 26th. TheStreet raised HNI from a “c+” rating to a “b-” rating in a research note on Tuesday, July 24th. Finally, ValuEngine raised HNI from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th.
Shares of NYSE:HNI opened at $38.65 on Friday. The stock has a market capitalization of $1.66 billion, a PE ratio of 19.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 1.18. HNI Corp has a 1 year low of $32.45 and a 1 year high of $45.40.
HNI (NYSE:HNI) last announced its quarterly earnings data on Monday, October 22nd. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $611.10 million for the quarter, compared to the consensus estimate of $618.27 million. HNI had a return on equity of 16.11% and a net margin of 4.23%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. On average, equities research analysts forecast that HNI Corp will post 2.4 EPS for the current fiscal year.
HNI Company Profile
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. The company's Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, basyx by HON, Lamex, and HNI India brands.
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