63,690 Shares in HNI Corporation $HNI Purchased by Oxford Financial Group LTD. LLC

Key Points

• Oxford Financial Group purchased 63,690 HNI shares worth approximately $2.6 million, while other institutions also added positions; institutional investors now own 75.26% of the company.
• HNI reported quarterly EPS of $1.27, beating the $1.04 consensus estimate, while revenue reached $1.47 billion and increased 120.7% year over year. Analysts maintain a “Moderate Buy” consensus with a $65 average price target.
• HNI declared a quarterly dividend of $0.35 per share, implying a 2.9% yield, while CEO Jeffrey D. Lorenger sold 45,850 shares for approximately $2.18 million under a pre-arranged trading plan.

Oxford Financial Group LTD. LLC purchased a new stake in shares of HNI Corporation (NYSE:HNI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 63,690 shares of the business services provider's stock, valued at approximately $2,574,000. Oxford Financial Group LTD. LLC owned about 0.09% of HNI as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of HNI during the second quarter worth approximately $431,744,000. Deutsche Bank AG acquired a new position in shares of HNI in the 2nd quarter worth approximately $2,994,000. Wealthspan Partners LLC acquired a new position in shares of HNI in the 2nd quarter worth approximately $609,000. Bank of New York Mellon Corp bought a new stake in HNI during the 2nd quarter worth approximately $37,988,000. Finally, Grace & White Inc. NY grew its position in HNI by 22.0% during the 1st quarter. Grace & White Inc. NY now owns 38,855 shares of the business services provider's stock worth $1,297,000 after acquiring an additional 7,000 shares during the last quarter. 75.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings upgraded HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. Benchmark restated a "buy" rating on shares of HNI in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price target on HNI in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, HNI presently has a consensus rating of "Moderate Buy" and an average target price of $65.00.

HNI Stock Performance

Shares of HNI stock opened at $47.68 on Friday. 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 cap of $3.44 billion, a P/E ratio of 529.84, a P/E/G ratio of 0.57 and a beta of 0.91. The firm has a 50 day simple moving average of $41.94 and a 200 day simple moving average of $39.46. HNI Corporation has a fifty-two week low of $28.93 and a fifty-two week high of $52.79.

HNI (NYSE:HNI - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share 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 analysts' expectations of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI's revenue was up 120.7% on a year-over-year basis. During the same quarter in the previous year, the company 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. Sell-side analysts predict that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. HNI's dividend payout ratio is 1,555.56%.

Insider Activity

In related 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.15% of the stock is owned by company insiders.

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.

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