HNI Corporation $HNI Stock Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its holdings in HNI Corporation (NYSE:HNI) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,250 shares of the business services provider’s stock after selling 16,591 shares during the quarter. Douglas Lane & Associates LLC owned 0.26% of HNI worth $8,622,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of HNI in the second quarter worth $431,744,000. Bank of New York Mellon Corp purchased a new position in HNI in the 2nd quarter worth about $37,988,000. Front Street Capital Management Inc. bought a new position in HNI during the 2nd quarter valued at about $23,462,000. Pillsbury Lake Capital LLC bought a new position in HNI during the 2nd quarter valued at about $16,681,571. Finally, Bank of America Corp DE purchased a new stake in shares of HNI during the 2nd quarter valued at about $15,724,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

HNI Price Performance

NYSE HNI traded down $0.19 during trading on Friday, hitting $46.72. 78,261 shares of the stock traded hands, compared to its average volume of 666,922. The firm has a 50-day simple moving average of $47.79 and a 200-day simple moving average of $39.97. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.37 billion, a P/E ratio of 518.52, a price-to-earnings-growth ratio of 0.74 and a beta of 0.93. HNI Corporation has a 12-month low of $28.93 and a 12-month high of $52.79.

HNI (NYSE:HNI) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 120.7% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, analysts predict that HNI Corporation will post 4.19 EPS for the current year.

HNI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. HNI’s dividend payout ratio (DPR) is currently 1,555.56%.

Insider Buying and Selling at HNI

In related news, CEO Jeffrey Lorenger sold 1,504 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $50.00, for a total value of $75,200.00. Following the completion of the sale, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,424,500. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 95,138 shares of company stock valued at $4,648,587 in the last ninety days. Insiders own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Weiss Ratings raised shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of HNI from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, Wells Fargo & Company set a $65.00 price target on HNI in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

About HNI

HNI Corporation (NYSE:HNI) is a workplace and residential building products company headquartered in Muscatine, Iowa. Its workplace furnishings business designs and manufactures office furniture and related products, including desks, seating, tables, storage, architectural products and workplace accessories. The company serves businesses, government organizations, education institutions and other commercial customers through brands such as HON, Allsteel, Gunlocke, HBF and OFM.

HNI also operates Hearth & Home Technologies, a manufacturer of hearth products for residential and commercial applications.