Dimensional Fund Advisors LP Has $81.79 Million Stock Position in HNI Co. (NYSE:HNI)

Dimensional Fund Advisors LP grew its position in HNI Co. (NYSE:HNI - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,623,706 shares of the business services provider's stock after acquiring an additional 43,249 shares during the period. Dimensional Fund Advisors LP owned 3.40% of HNI worth $81,786,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HNI. Smartleaf Asset Management LLC boosted its stake in shares of HNI by 85.1% during 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. Sterling Capital Management LLC raised its holdings in HNI by 649.1% in the 4th quarter. Sterling Capital Management LLC now owns 809 shares of the business services provider's stock valued at $41,000 after buying an additional 701 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in HNI during the 4th quarter worth approximately $55,000. Meeder Asset Management Inc. bought a new stake in HNI during the 4th quarter worth approximately $121,000. Finally, Vestcor Inc acquired a new position in HNI in the 4th quarter valued at approximately $176,000. Institutional investors and hedge funds own 75.26% of the company's stock.

HNI Trading Down 0.2 %

Shares of HNI traded down $0.09 during mid-day trading on Monday, reaching $43.66. 10,640 shares of the company were exchanged, compared to its average volume of 297,594. The business has a 50 day simple moving average of $43.31 and a two-hundred day simple moving average of $48.81. HNI Co. has a 52 week low of $39.76 and a 52 week high of $58.42. The stock has a market capitalization of $2.05 billion, a PE ratio of 15.11, a PEG ratio of 1.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.10.

HNI (NYSE:HNI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. HNI had a net margin of 5.52% and a return on equity of 18.27%. The company had revenue of $642.50 million for the quarter, compared to analyst estimates of $657.03 million. On average, analysts predict that HNI Co. will post 3.6 earnings per share for the current fiscal year.

HNI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid 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 of this dividend was Monday, February 24th. HNI's dividend payout ratio is 45.67%.

Insider Activity at HNI

In other HNI news, insider Brian Scott Smith sold 556 shares of the business'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 transaction, the insider now directly owns 14,394 shares of the company's stock, valued at approximately $718,260.60. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.