Ronald V. Waters Sells 5,000 Shares of HNI Corporation (HNI) Stock

HNI Corporation (NYSE:HNI) Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

HNI Corporation (NYSE HNI) traded down $0.68 on Friday, reaching $38.64. The company had a trading volume of 159,100 shares, compared to its average volume of 212,667. HNI Corporation has a fifty-two week low of $31.16 and a fifty-two week high of $52.30. The company has a market capitalization of $1,690.00, a price-to-earnings ratio of 25.93 and a beta of 1.49. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.59.

HNI (NYSE:HNI) last released its earnings results on Monday, October 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.02. HNI had a return on equity of 21.09% and a net margin of 3.08%. The business had revenue of $599.50 million for the quarter, compared to analyst estimates of $585.07 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. HNI’s revenue was up 2.5% on a year-over-year basis. equities research analysts anticipate that HNI Corporation will post 1.94 earnings per share for the current year.

A number of analysts have recently commented on the company. Rowe lowered HNI from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 24th. Raymond James Financial reiterated a “market perform” rating on shares of HNI in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered HNI from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $39.67.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC raised its holdings in HNI by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 1,048,786 shares of the business services provider’s stock worth $43,493,000 after acquiring an additional 22,330 shares in the last quarter. Russell Investments Group Ltd. increased its position in HNI by 5,066.3% during the third quarter. Russell Investments Group Ltd. now owns 240,441 shares of the business services provider’s stock worth $9,972,000 after buying an additional 235,787 shares during the last quarter. Systematic Financial Management LP increased its position in HNI by 1.2% during the third quarter. Systematic Financial Management LP now owns 149,799 shares of the business services provider’s stock worth $6,212,000 after buying an additional 1,790 shares during the last quarter. Rhumbline Advisers increased its position in HNI by 8.9% during the third quarter. Rhumbline Advisers now owns 95,340 shares of the business services provider’s stock worth $3,954,000 after buying an additional 7,783 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in HNI by 51.8% during the third quarter. New York State Common Retirement Fund now owns 71,200 shares of the business services provider’s stock worth $2,953,000 after buying an additional 24,300 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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About HNI

HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.

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