Contravisory Investment Management Inc. Has $227,000 Stock Holdings in HNI Co. (NYSE:HNI)

Contravisory Investment Management Inc. grew its position in HNI Co. (NYSE:HNI) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,501 shares of the business services provider’s stock after buying an additional 220 shares during the period. Contravisory Investment Management Inc.’s holdings in HNI were worth $227,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of HNI by 275.3% during the third quarter. FMR LLC now owns 1,836,205 shares of the business services provider’s stock worth $98,861,000 after purchasing an additional 1,346,999 shares during the period. Barclays PLC raised its holdings in HNI by 216.7% during the 3rd quarter. Barclays PLC now owns 93,131 shares of the business services provider’s stock worth $5,015,000 after buying an additional 63,724 shares during the period. JPMorgan Chase & Co. lifted its stake in HNI by 54.4% in the third quarter. JPMorgan Chase & Co. now owns 136,923 shares of the business services provider’s stock valued at $7,372,000 after buying an additional 48,237 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of HNI in the third quarter valued at approximately $2,245,000. Finally, Clifford Capital Partners LLC increased its position in shares of HNI by 14.6% during the second quarter. Clifford Capital Partners LLC now owns 291,535 shares of the business services provider’s stock worth $13,125,000 after acquiring an additional 37,155 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company’s stock.

Insider Transactions at HNI

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total transaction of $113,900.00. Following the sale, the director now directly owns 37,880 shares of the company’s stock, valued at approximately $2,157,266. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.36% of the company’s stock.

HNI Trading Down 0.0 %

NYSE:HNI opened at $50.43 on Friday. The company has a market cap of $2.41 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.07 and a beta of 0.91. HNI Co. has a twelve month low of $39.95 and a twelve month high of $58.42. The business has a 50 day moving average price of $53.03 and a two-hundred day moving average price of $51.89. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.36.

HNI (NYSE:HNI) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $672.20 million during the quarter, compared to the consensus estimate of $712.75 million. HNI had a net margin of 4.83% and a return on equity of 19.29%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. As a group, analysts expect that HNI Co. will post 2.93 EPS for the current fiscal year.

HNI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Monday, November 18th. HNI’s dividend payout ratio (DPR) is 51.16%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of HNI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

HNI Profile

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.