Insider Selling: HNI (NYSE:HNI) CEO Sells $2,180,167.50 in Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 45,850 shares of HNI stock in a transaction dated 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 sale, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,060,699.50. This trade represents a 23.59% decrease in their ownership of the stock. The sale 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.

HNI Trading Up 1.5%

HNI opened at $49.63 on Friday. HNI Corporation has a one year low of $28.93 and a one year high of $52.79. The company has a market cap of $3.58 billion, a P/E ratio of 551.51, a PEG ratio of 0.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The business’s 50-day simple moving average is $38.84 and its 200-day simple moving average is $39.45.

HNI (NYSE:HNI) last issued its 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.The business’s quarterly revenue was up 120.7% on a year-over-year basis. During the same quarter last 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, equities research analysts expect that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, May 29th. This is a positive change from HNI’s previous quarterly dividend of $0.34. HNI’s dividend payout ratio (DPR) is currently 1,555.56%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On HNI

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of HNI in the 2nd quarter valued at $431,744,000. Deutsche Bank AG acquired a new stake in HNI during the 2nd quarter worth $2,994,000. Wealthspan Partners LLC acquired a new stake in HNI during the 2nd quarter worth $609,000. Bank of New York Mellon Corp purchased a new position in HNI during the 2nd quarter worth $37,988,000. Finally, Grace & White Inc. NY grew its position in HNI by 22.0% during the 1st quarter. Grace & White Inc. NY now owns 38,855 shares of the business services provider’s stock worth $1,297,000 after purchasing an additional 7,000 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

HNI Company 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.