Nationwide Fund Advisors raised its position in HNI Corp. (NYSE:HNI) by 3.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 104,762 shares of the company’s stock after buying an additional 3,180 shares during the period. Nationwide Fund Advisors owned about 0.24% of HNI Corp. worth $4,870,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in HNI Corp. by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 112,362 shares of the company’s stock worth $5,224,000 after buying an additional 3,924 shares during the last quarter. BRC Investment Management LLC acquired a new stake in HNI Corp. during the second quarter worth approximately $788,000. TD Asset Management Inc. acquired a new stake in HNI Corp. during the second quarter worth approximately $349,000. Emerald Acquisition Ltd. acquired a new stake in HNI Corp. during the second quarter worth approximately $7,390,000. Finally, Rothschild Asset Management Inc. boosted its stake in HNI Corp. by 5.0% in the second quarter. Rothschild Asset Management Inc. now owns 158,597 shares of the company’s stock worth $7,373,000 after buying an additional 7,532 shares during the last quarter. Institutional investors own 68.01% of the company’s stock.
Shares of HNI Corp. (NYSE:HNI) traded up 0.28% during midday trading on Friday, reaching $39.80. The company had a trading volume of 272,702 shares. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 15.84 and a beta of 1.40. The company has a 50 day moving average of $50.65 and a 200 day moving average of $46.41. HNI Corp. has a 12-month low of $29.84 and a 12-month high of $56.96.
HNI Corp. (NYSE:HNI) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. HNI Corp. had a return on equity of 26.76% and a net margin of 5.06%. Analysts anticipate that HNI Corp. will post $2.72 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 19th were paid a $0.275 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.76%. HNI Corp.’s dividend payout ratio is currently 43.82%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut HNI Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, September 21st. Raymond James Financial Inc. cut HNI Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th.
In other news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $44.70, for a total value of $223,500.00. Following the sale, the director now directly owns 36,230 shares of the company’s stock, valued at $1,619,481. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jerald K. Dittmer sold 8,200 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $55.89, for a total value of $458,298.00. Following the completion of the sale, the insider now directly owns 29,619 shares in the company, valued at $1,655,405.91. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.
About HNI Corp.
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range 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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