Callan Family Office LLC Buys New Stake in HNI Corporation $HNI

Callan Family Office LLC acquired a new position in shares of HNI Corporation (NYSE:HNI) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 20,460 shares of the business services provider’s stock, valued at approximately $827,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of HNI in the second quarter valued at $431,744,000. Bank of New York Mellon Corp bought a new stake in shares of HNI during the 2nd quarter valued at $37,988,000. Millennium Management LLC acquired a new position in HNI in the first quarter valued at about $10,666,000. Jane Street Group LLC acquired a new stake in shares of HNI in the 1st quarter valued at approximately $10,301,000. Finally, Cooke & Bieler LP raised its holdings in HNI by 23.0% in the fourth quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock worth $31,719,000 after purchasing an additional 140,971 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Insider Activity

In other HNI news, CEO Jeffrey D. Lorenger sold 45,850 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares in the company, valued at approximately $7,060,699.50. This represents a 23.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HNI shares. Benchmark reaffirmed a “buy” rating on shares of HNI in a research note on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price target on HNI in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

HNI Stock Performance

NYSE:HNI opened at $49.04 on Tuesday. The stock has a 50 day simple moving average of $42.59 and a 200 day simple moving average of $39.47. The stock has a market cap of $3.54 billion, a P/E ratio of 544.97, a PEG ratio of 0.58 and a beta of 0.91. HNI Corporation has a 1-year low of $28.93 and a 1-year high of $52.79. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.

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

HNI Announces Dividend

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

HNI Profile

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.