Strs Ohio Has $958,000 Position in HNI Corp (NYSE:HNI)

Share on StockTwits

Strs Ohio grew its position in HNI Corp (NYSE:HNI) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,100 shares of the business services provider’s stock after buying an additional 900 shares during the quarter. Strs Ohio owned 0.06% of HNI worth $958,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HNI. JPMorgan Chase & Co. increased its position in HNI by 39.3% during the 1st quarter. JPMorgan Chase & Co. now owns 162,272 shares of the business services provider’s stock worth $5,889,000 after purchasing an additional 45,758 shares in the last quarter. Meeder Asset Management Inc. increased its position in HNI by 32.5% during the 1st quarter. Meeder Asset Management Inc. now owns 27,078 shares of the business services provider’s stock worth $981,000 after purchasing an additional 6,639 shares in the last quarter. Norges Bank acquired a new position in HNI during the 4th quarter worth approximately $27,445,000. Victory Capital Management Inc. increased its position in HNI by 19.3% during the 1st quarter. Victory Capital Management Inc. now owns 29,541 shares of the business services provider’s stock worth $1,072,000 after purchasing an additional 4,787 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in HNI by 5.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 28,445 shares of the business services provider’s stock worth $1,031,000 after purchasing an additional 1,456 shares in the last quarter. Institutional investors own 70.82% of the company’s stock.

Shares of NYSE HNI opened at $31.31 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.75 and a current ratio of 1.21. HNI Corp has a 52-week low of $30.91 and a 52-week high of $44.79. The company has a 50 day simple moving average of $33.94. The firm has a market cap of $1.38 billion, a PE ratio of 12.99 and a beta of 1.22.

HNI (NYSE:HNI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.03). HNI had a net margin of 4.02% and a return on equity of 18.33%. The business had revenue of $526.00 million during the quarter, compared to analyst estimates of $551.13 million. During the same quarter last year, the company posted $0.44 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. On average, analysts expect that HNI Corp will post 2.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, August 15th. HNI’s dividend payout ratio (DPR) is currently 50.62%.

A number of equities analysts recently issued reports on HNI shares. Sidoti set a $45.00 price objective on shares of HNI and gave the stock a “hold” rating in a research report on Friday, May 31st. ValuEngine cut shares of HNI from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of HNI from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet cut shares of HNI from a “b” rating to a “c+” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $45.00.

HNI Company Profile

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands.

Read More: Current Ratio

Want to see what other hedge funds are holding HNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HNI Corp (NYSE:HNI).

Institutional Ownership by Quarter for HNI (NYSE:HNI)

Receive News & Ratings for HNI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HNI and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Assetmark Inc. Has $17.21 Million Stake in VANGUARD SCOTTS/VANGUARD SHORT-TERM
Assetmark Inc. Has $17.21 Million Stake in VANGUARD SCOTTS/VANGUARD SHORT-TERM
Northland Securities Reaffirms Hold Rating for Palo Alto Networks
Northland Securities Reaffirms Hold Rating for Palo Alto Networks
Comparing Elanco Animal Health  and Its Competitors
Comparing Elanco Animal Health and Its Competitors
AAC TECHNOLOGIE/ADR  and Magal Security Systems  Head to Head Review
AAC TECHNOLOGIE/ADR and Magal Security Systems Head to Head Review
Contrasting UDR  and National Health Investors
Contrasting UDR and National Health Investors
Reviewing Corelogic  & RingCentral
Reviewing Corelogic & RingCentral


© 2006-2019 Ticker Report