Burnham & Co LLC Buys Shares of 99,589 HNI Corporation $HNI

Burnham & Co LLC purchased a new stake in shares of HNI Corporation (NYSE:HNI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 99,589 shares of the business services provider's stock, valued at approximately $4,024,000. HNI comprises approximately 3.2% of Burnham & Co LLC's portfolio, making the stock its 9th biggest holding. Burnham & Co LLC owned approximately 0.14% of HNI as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oxford Financial Group LTD. LLC purchased a new stake in shares of HNI in the 2nd quarter valued at approximately $2,574,000. Wealthspan Partners LLC acquired a new position in HNI in the second quarter valued at approximately $609,000. Deutsche Bank AG purchased a new position in HNI in the second quarter worth approximately $2,994,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in HNI by 7.3% in 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 worth $6,311,000 after acquiring an additional 9,730 shares during the period. Finally, Intech Investment Management LLC increased its stake in HNI by 23.6% during the first quarter. Intech Investment Management LLC now owns 36,698 shares of the business services provider's stock worth $1,628,000 after acquiring an additional 7,000 shares during the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HNI

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of HNI stock in a transaction on 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 completion of the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.15% of the company's stock.

HNI Price Performance

HNI stock opened at $49.09 on Friday. The firm has a market cap of $3.54 billion, a PE ratio of 545.51, a price-to-earnings-growth ratio of 0.56 and a beta of 0.91. HNI Corporation has a 52-week low of $28.93 and a 52-week high of $52.79. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. The company's 50 day moving average is $42.26 and its two-hundred day moving average is $39.53.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings results 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 company 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%.HNI's revenue was up 120.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. On average, research analysts expect that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, August 28th. HNI's dividend payout ratio (DPR) is presently 1,555.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HNI shares. Benchmark restated a "buy" rating on shares of HNI in a research report on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price objective on shares of HNI in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, HNI has a consensus rating of "Moderate Buy" and a consensus price target of $65.00.

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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