HNI (NYSE:HNI) CEO Sells $1,982,361.84 in Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 39,576 shares of HNI stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $50.09, for a total transaction of $1,982,361.84. Following the transaction, the chief executive officer directly owned 148,490 shares in the company, valued at $7,437,864.10. The trade was a 21.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Down 0.2%

Shares of NYSE HNI opened at $49.03 on Monday. HNI Corporation has a 52-week low of $28.93 and a 52-week high of $52.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The stock has a market cap of $3.54 billion, a P/E ratio of 544.84, a P/E/G ratio of 0.58 and a beta of 0.91. The firm has a 50 day moving average price of $43.86 and a 200 day moving average price of $39.42.

HNI (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share 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 for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter 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 expect that HNI Corporation will post 4.24 EPS for the current year.

HNI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, August 28th. This represents a $1.40 annualized dividend and a yield of 2.9%. HNI’s payout ratio is currently 1,555.56%.

Analysts Set New Price Targets

Several brokerages have issued reports on HNI. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Benchmark reiterated a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 target price on HNI in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, HNI presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Hedge Funds Weigh In On HNI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HNI. Amundi increased its holdings in HNI by 9.3% during the 2nd quarter. Amundi now owns 13,552 shares of the business services provider’s stock worth $548,000 after purchasing an additional 1,152 shares in the last quarter. California State Teachers Retirement System raised its position in HNI by 3,828.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider’s stock valued at $126,686,000 after buying an additional 3,055,211 shares during the last quarter. denkapparat Operations GmbH bought a new stake in HNI in the 2nd quarter valued at approximately $227,000. Nykredit A S acquired a new position in HNI during the 2nd quarter worth approximately $36,000. Finally, Rehmann Capital Advisory Group grew its stake in shares of HNI by 117.3% during the 2nd quarter. Rehmann Capital Advisory Group now owns 46,315 shares of the business services provider’s stock worth $1,872,000 after acquiring an additional 25,006 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

About HNI

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.