Rehmann Capital Advisory Group Boosts Stock Holdings in HNI Corporation $HNI

Rehmann Capital Advisory Group boosted its stake in HNI Corporation (NYSE:HNI) by 117.3% during the 2nd quarter, Holdings Channel reports. The firm owned 46,315 shares of the business services provider’s stock after buying an additional 25,006 shares during the quarter. Rehmann Capital Advisory Group’s holdings in HNI were worth $1,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management bought a new position in shares of HNI during the 3rd quarter valued at about $28,000. AQR Capital Management LLC increased its holdings in shares of HNI by 6.3% in the first quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock worth $600,000 after purchasing an additional 802 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of HNI in the second quarter worth about $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of HNI by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider’s stock worth $1,252,000 after buying an additional 1,290 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in HNI by 20.5% during the first quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider’s stock valued at $383,000 after buying an additional 1,472 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

Insider Buying and Selling

In other HNI news, CEO Jeffrey D. Lorenger sold 45,850 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total transaction 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. The trade was a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 95,138 shares of company stock worth $4,648,587 over the last ninety days. 2.15% of the stock is owned by insiders.

HNI Trading Down 2.1%

HNI opened at $47.42 on Wednesday. The firm has a market cap of $3.42 billion, a P/E ratio of 526.95, a P/E/G ratio of 0.57 and a beta of 0.92. HNI Corporation has a 12 month low of $28.93 and a 12 month 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. The stock has a 50-day moving average of $44.41 and a 200 day moving average of $39.36.

HNI (NYSE:HNI) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating 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 company’s quarterly revenue was up 120.7% compared to the same quarter last year. During the same period 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. As a group, research analysts forecast that HNI Corporation will post 4.24 EPS for the current year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. HNI’s payout ratio is presently 1,555.56%.

Analysts Set New Price Targets

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