Wealthspan Partners LLC Makes New $609,000 Investment in HNI Corporation $HNI

Wealthspan Partners LLC acquired a new position in HNI Corporation (NYSE:HNI) in the second quarter, HoldingsChannel reports. The institutional investor acquired 15,059 shares of the business services provider’s stock, valued at approximately $609,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management bought a new position in HNI in the 3rd quarter worth $28,000. Royal Bank of Canada lifted its position in shares of HNI by 20.5% in the first quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 1,472 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of HNI by 6.3% in the first quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock worth $600,000 after acquiring an additional 802 shares during the period. Entropy Technologies LP purchased a new stake in shares of HNI during the third quarter worth about $676,000. Finally, Handelsbanken Fonder AB raised its stake in HNI by 53.0% during the 4th quarter. Handelsbanken Fonder AB now owns 16,716 shares of the business services provider’s stock valued at $703,000 after purchasing an additional 5,790 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HNI has been the topic of a number of research analyst reports. Weiss Ratings raised HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Wells Fargo & Company set a $65.00 price objective on shares of HNI in a report on Wednesday, July 15th. Finally, Benchmark reiterated a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, HNI has a consensus rating of “Moderate Buy” and an average target price of $65.00.

Insider Buying and Selling

In related news, CEO Jeffrey D. Lorenger sold 45,850 shares of the stock in a transaction that occurred 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 directly owned 148,490 shares of the company’s stock, valued at approximately $7,060,699.50. This represents a 23.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.15% of the company’s stock.

HNI Stock Down 0.0%

HNI opened at $48.85 on Monday. The firm has a 50-day simple moving average of $40.69 and a two-hundred day simple moving average of $39.45. HNI Corporation has a 52 week low of $28.93 and a 52 week high of $52.79. The company has a market capitalization of $3.53 billion, a PE ratio of 542.88, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76.

HNI (NYSE:HNI) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.23. HNI had a return on equity of 13.66% and a net margin of 0.10%.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 posted $1.11 earnings per share. The business’s quarterly revenue was up 120.7% compared to the same quarter last year. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Analysts forecast that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

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.