Wealthspan Partners LLC Takes Position in HNI Corporation $HNI

Wealthspan Partners LLC acquired a new stake in shares of HNI Corporation (NYSE:HNI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,059 shares of the business services provider’s stock, valued at approximately $609,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in HNI in the 2nd quarter worth approximately $37,988,000. Grace & White Inc. NY lifted its holdings in shares of HNI by 22.0% during the 1st quarter. Grace & White Inc. NY now owns 38,855 shares of the business services provider’s stock valued at $1,297,000 after buying an additional 7,000 shares during the period. Entropy Technologies LP boosted its stake in shares of HNI by 10.5% in the 4th quarter. Entropy Technologies LP now owns 15,935 shares of the business services provider’s stock worth $670,000 after buying an additional 1,508 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of HNI by 31.7% in 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 buying an additional 5,125 shares during the last quarter. Finally, Cooke & Bieler LP grew its holdings in shares of HNI by 23.0% in the fourth quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock worth $31,719,000 after acquiring an additional 140,971 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on HNI. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Benchmark reissued a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price target on 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. 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 0.0%

Shares of HNI stock opened at $48.85 on Monday. HNI Corporation has a 1-year low of $28.93 and a 1-year high of $52.79. The company’s fifty day simple moving average is $40.69 and its 200-day simple moving average is $39.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. The stock has a market capitalization of $3.53 billion, a PE ratio of 542.88, a P/E/G ratio of 0.58 and a beta of 0.91.

HNI (NYSE:HNI) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.04 by $0.23. The firm 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%.HNI’s revenue was up 120.7% on a year-over-year basis. During the same period in the prior year, the business posted $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, equities analysts anticipate that HNI Corporation will post 4.24 earnings per share for the current year.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $47.55, for a total value of $2,180,167.50. Following the transaction, the chief executive officer owned 148,490 shares of the company’s stock, valued at $7,060,699.50. This trade represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.15% of the stock is owned by company insiders.

HNI 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.