Insider Selling: HNI (NYSE:HNI) CEO Sells 45,850 Shares

HNI Corporation (NYSE:HNI) CEO Jeffrey Lorenger sold 45,850 shares of HNI stock in a transaction on 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 transaction, the chief executive officer owned 148,490 shares in the company, valued at $7,060,699.50. This represents a 23.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Price Performance

HNI stock traded down $0.39 during mid-day trading on Wednesday, hitting $48.05. The stock had a trading volume of 39,846 shares, compared to its average volume of 711,866. HNI Corporation has a one year low of $28.93 and a one year 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 firm has a market capitalization of $3.42 billion, a P/E ratio of 533.95, a P/E/G ratio of 0.56 and a beta of 0.91. The firm’s 50 day moving average is $37.79 and its 200 day moving average is $39.34.

HNI (NYSE:HNI) last announced its quarterly 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. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.The firm’s revenue was up 120.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.11 earnings per share. 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, sell-side analysts forecast that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Increases Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On HNI

Large investors have recently modified their holdings of the company. Millennium Management LLC acquired a new position in HNI in the first quarter valued at $10,666,000. Jane Street Group LLC acquired a new position in HNI during the 1st quarter worth approximately $10,301,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in HNI by 7.3% in 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. Intech Investment Management LLC lifted its stake in shares of HNI by 23.6% in the first quarter. Intech Investment Management LLC now owns 36,698 shares of the business services provider’s stock valued at $1,628,000 after purchasing an additional 7,000 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of HNI by 31.7% during the 4th quarter. New York State Common Retirement Fund now owns 21,301 shares of the business services provider’s stock worth $895,000 after acquiring an additional 5,125 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

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.