HNI (NYSE:HNI) CEO Jeffrey Lorenger Sells 45,850 Shares of Stock

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 45,850 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total transaction of $2,180,167.50. Following the completion of the sale, the chief executive officer directly owned 148,490 shares in the company, valued at approximately $7,060,699.50. This trade represents a 23.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Trading Up 0.2%

NYSE HNI opened at $48.55 on Thursday. 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 Corporation has a 52 week low of $28.93 and a 52 week high of $52.79. The stock has a market capitalization of $3.46 billion, a PE ratio of 539.45, a price-to-earnings-growth ratio of 0.57 and a beta of 0.91. The firm has a 50 day moving average of $38.13 and a two-hundred day moving average of $39.36.

HNI (NYSE:HNI) last announced 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. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The company’s revenue was up 120.7% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, research analysts expect that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were paid a $0.35 dividend. This is a boost from HNI’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, May 29th. HNI’s payout ratio is 1,555.56%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HNI. Triumph Capital Management acquired a new stake in shares of HNI in the third quarter valued at about $28,000. AQR Capital Management LLC boosted its holdings in HNI by 6.3% in the 1st 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in HNI by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider’s stock worth $1,252,000 after acquiring an additional 1,290 shares during the period. Royal Bank of Canada grew its position in 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. Finally, Entropy Technologies LP grew its position in HNI by 10.5% in the fourth quarter. Entropy Technologies LP now owns 15,935 shares of the business services provider’s stock valued at $670,000 after acquiring an additional 1,508 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

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.