Susquehanna International Group LLP Has $219,000 Stake in HNI Corporation $HNI

Susquehanna International Group LLP lessened its stake in HNI Corporation (NYSE:HNI) by 77.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,424 shares of the business services provider’s stock after selling 18,346 shares during the quarter. Susquehanna International Group LLP’s holdings in HNI were worth $219,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in HNI during the second quarter worth $431,744,000. Bank of New York Mellon Corp bought a new position in HNI during the 2nd quarter valued at $37,988,000. Cooke & Bieler LP lifted its stake in HNI by 23.0% during the 4th quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock valued at $31,719,000 after acquiring an additional 140,971 shares in the last quarter. Front Street Capital Management Inc. purchased a new position in HNI during the 2nd quarter worth $23,462,000. Finally, Pillsbury Lake Capital LLC bought a new stake in shares of HNI in the 2nd quarter worth $16,681,571. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company set a $65.00 target price 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. Finally, Benchmark reiterated a “buy” rating on shares of HNI in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $47.55, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 95,138 shares of company stock worth $4,648,587. 2.15% of the stock is owned by corporate insiders.

HNI Trading Down 2.1%

Shares of HNI stock opened at $47.42 on Wednesday. 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 firm has a market cap of $3.42 billion, a P/E ratio of 526.95, a PEG ratio of 0.57 and a beta of 0.92. The company has a 50 day moving average of $44.41 and a 200-day moving average of $39.36. HNI Corporation has a 12-month low of $28.93 and a 12-month high of $52.79.

HNI (NYSE:HNI) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.04 by $0.23. HNI had a return on equity of 13.66% and a net margin of 0.10%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. HNI’s revenue for the quarter 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. Sell-side analysts anticipate that HNI Corporation will post 4.24 earnings per share for the current year.

HNI Dividend Announcement

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

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.