HNI Co. (NYSE:HNI) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in HNI Co. (NYSE:HNI - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,623,706 shares of the business services provider's stock after purchasing an additional 43,249 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.40% of HNI worth $81,786,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. lifted its holdings in HNI by 5.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,501 shares of the business services provider's stock worth $227,000 after buying an additional 220 shares during the last quarter. Inspire Investing LLC lifted its stake in HNI by 3.1% during the fourth quarter. Inspire Investing LLC now owns 7,942 shares of the business services provider's stock worth $400,000 after purchasing an additional 242 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in HNI by 85.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider's stock valued at $28,000 after purchasing an additional 258 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in HNI by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 27,168 shares of the business services provider's stock worth $1,368,000 after purchasing an additional 267 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of HNI by 1.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the business services provider's stock worth $1,164,000 after buying an additional 300 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at HNI

In other news, insider Brian Scott Smith sold 556 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $49.90, for a total value of $27,744.40. Following the completion of the sale, the insider now directly owns 14,394 shares of the company's stock, valued at $718,260.60. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.37% of the company's stock.

HNI Stock Performance

HNI traded up $1.58 during trading on Friday, hitting $43.77. 223,960 shares of the stock were exchanged, compared to its average volume of 298,391. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. HNI Co. has a 1-year low of $39.76 and a 1-year high of $58.42. The stock has a fifty day moving average price of $43.31 and a two-hundred day moving average price of $48.90. The firm has a market capitalization of $2.06 billion, a P/E ratio of 15.15, a PEG ratio of 1.14 and a beta of 0.92.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The firm had revenue of $642.50 million during the quarter, compared to analysts' expectations of $657.03 million. HNI had a net margin of 5.52% and a return on equity of 18.27%. As a group, sell-side analysts predict that HNI Co. will post 3.6 earnings per share for the current year.

HNI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Monday, February 24th. HNI's payout ratio is currently 45.67%.

HNI 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.