412,808 Shares in HNI Corporation $HNI Bought by Pillsbury Lake Capital LLC

Pillsbury Lake Capital LLC purchased a new stake in shares of HNI Corporation (NYSE:HNI) during the 2nd quarter, HoldingsChannel reports. The firm purchased 412,808 shares of the business services provider’s stock, valued at approximately $16,681,571,000. HNI makes up 4.6% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HNI. Triumph Capital Management acquired a new position in shares of HNI in the third quarter worth about $28,000. AQR Capital Management LLC grew its position in shares of HNI by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock valued at $600,000 after acquiring an additional 802 shares during the period. Allworth Financial LP purchased a new position in shares of HNI in the 2nd quarter valued at about $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of HNI by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider’s stock valued at $1,252,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in HNI by 20.5% in the 1st quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider’s stock worth $383,000 after purchasing an additional 1,472 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Insider Buying and Selling at HNI

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

HNI Stock Down 0.4%

HNI stock opened at $49.72 on Thursday. The stock has a market capitalization of $3.59 billion, a P/E ratio of 552.51, a P/E/G ratio of 0.59 and a beta of 0.91. The firm has a 50-day simple moving average of $43.28 and a 200-day simple moving average of $39.45. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. HNI Corporation has a 52 week low of $28.93 and a 52 week high of $52.79.

HNI (NYSE:HNI) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The company’s revenue for the quarter was up 120.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Equities analysts forecast that HNI Corporation will post 4.24 earnings per share for the current fiscal 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 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 2.8%. HNI’s dividend payout ratio is presently 1,555.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Benchmark reiterated a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price objective 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 research note on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.