253,460 Shares in HNI Corporation $HNI Purchased by Medina Value Partners LLC

Key Points

• Medina Value Partners acquired 253,460 HNI shares valued at approximately $10.2 million, representing 0.35% of HNI and 2% of the fund’s portfolio. Institutional investors collectively own 75.26% of the company.
• HNI reported quarterly EPS of $1.27, exceeding the $1.04 analyst consensus, while revenue reached $1.47 billion and increased 120.7% year over year. The company guided to fiscal 2026 EPS of $4.15–$4.33.
• HNI declared a quarterly dividend of $0.35, or $1.40 annually, yielding 2.8% at the reported share price. Analysts maintain a “Moderate Buy” consensus with a $65 price target, compared with the stock’s $49.85 opening price.

Medina Value Partners LLC acquired a new position in shares of HNI Corporation (NYSE:HNI - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 253,460 shares of the business services provider's stock, valued at approximately $10,242,319,000. HNI makes up 2.0% of Medina Value Partners LLC's holdings, making the stock its 22nd largest position. Medina Value Partners LLC owned 0.35% of HNI at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Triumph Capital Management purchased a new position in shares of HNI in the third quarter valued at approximately $28,000. AQR Capital Management LLC boosted its stake in shares of HNI by 6.3% in the first quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider's stock worth $600,000 after acquiring an additional 802 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of HNI during the second quarter worth approximately $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of HNI by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,239 shares of the business services provider's stock worth $1,252,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in HNI by 20.5% in the 1st quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider's stock valued at $383,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors and hedge funds own 75.26% of the company's stock.

HNI Price Performance

HNI stock opened at $49.85 on Wednesday. HNI Corporation has a 1 year low of $28.93 and a 1 year high of $52.79. 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 firm has a market capitalization of $3.60 billion, a PE ratio of 553.94, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91. The business has a 50 day simple moving average of $42.93 and a 200-day simple moving average of $39.47.

HNI (NYSE:HNI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.23. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $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. Equities research analysts anticipate that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. HNI's dividend payout ratio (DPR) is 1,555.56%.

Insider Activity at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were 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 of the company's stock, valued at approximately $7,060,699.50. The trade was a 23.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 24th. Benchmark reiterated 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 shares of HNI in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.00.

About HNI

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source