253,460 Shares in HNI Corporation $HNI Purchased by Medina Value Partners LLC

Medina Value Partners LLC acquired a new position in shares of HNI Corporation (NYSE:HNI) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 253,460 shares of the business services provider’s stock, valued at approximately $10,242,319,000. HNI makes up 2.0% of Medina Value Partners LLC’s holdings, making the stock its 22nd largest position. Medina Value Partners LLC owned 0.35% of HNI at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Triumph Capital Management purchased a new position in shares of HNI in the third quarter valued at approximately $28,000. AQR Capital Management LLC boosted its stake 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 acquiring an additional 802 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of HNI during the second quarter worth approximately $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of HNI by 4.8% during 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 purchasing an additional 1,290 shares in the last quarter. Finally, Royal Bank of Canada raised its stake 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 valued at $383,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

HNI Price Performance

HNI stock opened at $49.85 on Wednesday. HNI Corporation has a 1 year low of $28.93 and a 1 year high of $52.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. The firm has a market capitalization of $3.60 billion, a PE ratio of 553.94, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91. The business has a 50 day simple moving average of $42.93 and a 200-day simple moving average of $39.47.

HNI (NYSE:HNI) last announced its quarterly earnings data 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 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 revenue was up 120.7% compared to the same quarter last year. During the same quarter last 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. Equities research analysts anticipate that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $0.35 dividend. 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 (DPR) is 1,555.56%.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $7,060,699.50. The trade was 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. Benchmark reiterated 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.