Medina Value Partners LLC Makes New $10.24 Million Investment in HNI Corporation $HNI

Medina Value Partners LLC bought a new position in HNI Corporation (NYSE:HNI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 253,460 shares of the business services provider’s stock, valued at approximately $10,242,319. HNI makes up approximately 0.0% of Medina Value Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Medina Value Partners LLC owned about 0.35% of HNI as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Jupiter Topco LLC acquired a new stake in shares of HNI during the 2nd quarter worth about $1,289,000. Legal & General Group Plc acquired a new stake in shares of HNI during the 2nd quarter worth about $6,407,000. The Manufacturers Life Insurance Company bought a new stake in shares of HNI in the second quarter worth about $1,400,000. Front Street Capital Management Inc. acquired a new stake in shares of HNI during the 2nd quarter worth about $23,462,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of HNI in the 2nd quarter valued at $2,525,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HNI shares. Wells Fargo & Company set a $65.00 price objective on HNI in a report on Wednesday, July 15th. Benchmark restated a “buy” rating on shares of HNI in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

HNI Price Performance

NYSE:HNI traded down $0.93 during trading hours on Friday, hitting $49.03. The company’s stock had a trading volume of 345,987 shares, compared to its average volume of 685,002. 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 company has a market capitalization of $3.54 billion, a P/E ratio of 544.84, a PEG ratio of 0.59 and a beta of 0.91. The stock has a fifty day simple moving average of $43.58 and a 200-day simple moving average of $39.43. HNI Corporation has a twelve month low of $28.93 and a twelve month high of $52.79.

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 analysts’ consensus estimates of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $1.11 earnings per share. The company’s quarterly revenue was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. On average, analysts anticipate that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, August 28th. HNI’s payout ratio is presently 1,555.56%.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the transaction, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,060,699.50. This represents a 23.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 93,634 shares of company stock worth $4,573,387 in the last ninety days. Company insiders own 2.15% of the company’s stock.

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.