HNI Corporation $HNI Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP reduced its stake in HNI Corporation (NYSE:HNI) by 21.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 624,881 shares of the business services provider’s stock after selling 174,076 shares during the period. Cooke & Bieler LP owned approximately 0.87% of HNI worth $28,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Burnham & Co LLC acquired a new position in HNI during the 2nd quarter worth $4,024,000. Jupiter Topco LLC purchased a new stake in HNI during the 2nd quarter worth about $1,289,000. Bank of America Corp DE purchased a new stake in HNI during the 2nd quarter worth about $15,724,000. Medina Value Partners LLC acquired a new stake in HNI in the 2nd quarter valued at about $10,242,319. Finally, Deutsche Bank AG acquired a new stake in HNI in the 2nd quarter valued at about $2,994,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HNI has been the subject of several recent research reports. Wall Street Zen upgraded HNI from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Benchmark reissued a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company set a $65.00 target price 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.00.

HNI Trading Down 1.8%

Shares of HNI stock opened at $45.16 on Thursday. The company has a fifty day simple moving average of $47.46 and a 200-day simple moving average of $40.73. HNI Corporation has a 12-month low of $28.93 and a 12-month high of $52.79. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.73 and a beta of 0.93.

HNI (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm posted $1.11 EPS. The company’s revenue 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 analysts forecast that HNI Corporation will post 4.19 EPS for the current fiscal year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. HNI’s dividend payout ratio (DPR) is presently 1,555.56%.

Insider Activity

In other news, CEO Jeffrey Lorenger sold 45,850 shares of HNI stock in a transaction dated 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 sale, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,060,699.50. The trade was a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 sold a total of 95,138 shares of company stock worth $4,648,587 over the last 90 days. Company insiders own 2.15% of the company’s stock.

HNI Profile

HNI Corporation (NYSE:HNI), headquartered in Muscatine, Iowa, is a workplace and residential building products company. Its businesses serve organizations, businesses, education and government customers, as well as residential consumers through office furnishings and hearth products.

HNI’s workplace furnishings portfolio includes desks, tables, seating, storage, collaborative products and related workplace solutions. Its brands include HON, Allsteel, HBF and Gunlocke, among others. The company sells products through dealers, retailers, e-commerce channels and other distribution partners, primarily serving customers in North America.

Through its hearth products business, HNI manufactures fireplaces, inserts, stoves and related products fueled by gas, wood and pellets.