Rep. Jefferson Shreve Buys HNI Co. (NYSE:HNI) Stock

Representative Jefferson Shreve (R-Indiana) recently bought shares of HNI Co. (NYSE:HNI). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in HNI stock on March 31st. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 3/31/2025.

HNI Trading Down 0.6 %

Shares of HNI stock traded down $0.25 on Tuesday, hitting $41.85. 70,291 shares of the company traded hands, compared to its average volume of 298,003. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.97 billion, a PE ratio of 14.48, a PEG ratio of 1.14 and a beta of 0.78. The stock’s 50 day moving average price is $45.22 and its 200-day moving average price is $49.94. HNI Co. has a 52 week low of $39.76 and a 52 week high of $58.42.

HNI (NYSE:HNI) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. HNI had a net margin of 5.52% and a return on equity of 18.27%. The business had revenue of $642.50 million during the quarter, compared to analyst estimates of $657.03 million. Equities research analysts predict that HNI Co. will post 3.6 EPS for the current year.

HNI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.32 annualized dividend and a yield of 3.15%. HNI’s dividend payout ratio (DPR) is 45.67%.

Insider Transactions at HNI

In other HNI news, insider Brian Scott Smith sold 556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total transaction of $27,744.40. Following the completion of the transaction, the insider now directly owns 14,394 shares of the company’s stock, valued at approximately $718,260.60. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.37% of the company’s stock.

Institutional Investors Weigh In On HNI

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in HNI by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,718,014 shares of the business services provider’s stock worth $288,016,000 after purchasing an additional 62,476 shares during the last quarter. FMR LLC increased its position in shares of HNI by 6.8% in the 4th quarter. FMR LLC now owns 1,960,596 shares of the business services provider’s stock valued at $98,755,000 after acquiring an additional 124,391 shares during the period. State Street Corp raised its stake in HNI by 1.1% in the 3rd quarter. State Street Corp now owns 1,876,542 shares of the business services provider’s stock worth $101,033,000 after acquiring an additional 20,717 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in HNI by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,623,706 shares of the business services provider’s stock worth $81,786,000 after acquiring an additional 43,249 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in HNI during the 4th quarter valued at about $69,253,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

HNI Company 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.