74,100 Shares in HNI Corporation $HNI Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 74,100 HNI shares worth approximately $2.99 million during the second quarter, giving it a roughly 0.10% stake. Institutional investors collectively own 75.26% of HNI.
• HNI reported quarterly EPS of $1.27, beating estimates of $1.04, while revenue rose 120.7% year over year to $1.47 billion. The company guided for fiscal 2026 EPS of $4.15–$4.33.
• HNI declared a quarterly dividend of $0.35 per share, equivalent to a 2.8% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $65, while CEO Jeffrey Lorenger sold 45,850 shares under a Rule 10b5-1 plan.

Deutsche Bank AG bought a new stake in HNI Corporation (NYSE:HNI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74,100 shares of the business services provider's stock, valued at approximately $2,994,000. Deutsche Bank AG owned approximately 0.10% of HNI at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HNI. Bank of New York Mellon Corp bought a new position in shares of HNI in the 2nd quarter valued at $37,988,000. Cooke & Bieler LP raised its position in HNI by 23.0% in the fourth quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider's stock valued at $31,719,000 after purchasing an additional 140,971 shares during the last quarter. Millennium Management LLC bought a new position in HNI in the first quarter valued at about $10,666,000. Jane Street Group LLC acquired a new stake in shares of HNI during the first quarter valued at about $10,301,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of HNI by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,290 shares of the business services provider's stock valued at $6,311,000 after purchasing an additional 9,730 shares in the last quarter. Institutional investors own 75.26% of the company's stock.

HNI Trading Down 0.4%

NYSE HNI opened at $49.72 on Thursday. The business's 50-day moving average price is $43.28 and its two-hundred day moving average price is $39.45. HNI Corporation has a 12 month low of $28.93 and a 12 month high of $52.79. The firm has a market capitalization of $3.59 billion, a PE ratio of 552.51, a price-to-earnings-growth ratio of 0.59 and a beta of 0.91. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.23. HNI had a return on equity of 13.66% and a net margin of 0.10%.The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $1.11 earnings per share. The firm's revenue was up 120.7% compared to the same quarter last year. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. On average, analysts expect that HNI Corporation will post 4.24 EPS for the current year.

HNI Announces Dividend

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 given a $0.35 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. HNI's payout ratio is 1,555.56%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total value of $2,180,167.50. Following the sale, the chief executive officer directly owned 148,490 shares of the company's stock, valued at approximately $7,060,699.50. This represents a 23.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.15% of the company's stock.

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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