Deutsche Bank AG Buys New Position in HNI Corporation $HNI

Deutsche Bank AG bought a new position in shares of HNI Corporation (NYSE:HNI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 74,100 shares of the business services provider’s stock, valued at approximately $2,994,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in shares of HNI during the 2nd quarter worth approximately $37,988,000. Cooke & Bieler LP increased its stake in shares of HNI by 23.0% in 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. Millennium Management LLC bought a new stake in shares of HNI in the 1st quarter valued at $10,666,000. Jane Street Group LLC acquired a new position in shares of HNI during the 1st quarter valued at $10,301,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in HNI by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,290 shares of the business services provider’s stock worth $6,311,000 after acquiring an additional 9,730 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

HNI Stock Down 0.4%

HNI stock opened at $49.72 on Thursday. HNI Corporation has a 1-year low of $28.93 and a 1-year high of $52.79. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 552.51, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91. The firm’s fifty day moving average price is $43.28 and its two-hundred day moving average price is $39.45. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.

HNI (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The firm’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. On average, equities research analysts predict that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. HNI’s dividend payout ratio is 1,555.56%.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $50.01, for a total value of $35,007.00. Following the transaction, the chief executive officer owned 148,490 shares in the company, valued at $7,425,984.90. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HNI has been the subject of several research analyst reports. Benchmark reaffirmed a “buy” rating on shares of HNI in a research note 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, Wells Fargo & Company set a $65.00 target price on HNI in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

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.