Callan Family Office LLC Buys New Position in HNI Corporation $HNI

Key Points

• Callan Family Office LLC acquired 20,460 HNI shares during the second quarter, valued at approximately $827,000. Institutional investors and hedge funds collectively own 75.26% of the company.
• HNI reported quarterly EPS of $1.27, exceeding estimates of $1.04, while revenue reached $1.47 billion, up 120.7% year over year. The company issued fiscal 2026 EPS guidance of $4.15 to $4.33.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $65, compared with the stock’s reported $49.04 price. HNI also declared a $0.35 quarterly dividend, representing a 2.9% annualized yield.

Callan Family Office LLC purchased a new position in shares of HNI Corporation (NYSE:HNI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,460 shares of the business services provider's stock, valued at approximately $827,000.

Other institutional investors also recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in HNI in the 3rd quarter valued at about $28,000. AQR Capital Management LLC boosted its position in shares of HNI by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider's stock valued at $600,000 after purchasing an additional 802 shares in the last quarter. Allworth Financial LP acquired a new position in shares of HNI in the 2nd quarter worth approximately $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of HNI by 4.8% in the 1st 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 during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of HNI by 20.5% in the 1st quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider's stock worth $383,000 after purchasing an additional 1,472 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jeffrey D. Lorenger sold 45,850 shares of the firm's stock in a transaction that occurred on 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 directly owned 148,490 shares of the company's stock, valued at approximately $7,060,699.50. This trade represents a 23.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.15% of the stock is owned by insiders.

Analysts Set New Price Targets

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

HNI Stock Performance

Shares of NYSE HNI opened at $49.04 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. HNI Corporation has a one year low of $28.93 and a one year high of $52.79. The business's 50-day moving average price is $42.59 and its two-hundred day moving average price is $39.47. The company has a market capitalization of $3.54 billion, a P/E ratio of 544.97, a price-to-earnings-growth ratio of 0.58 and a beta of 0.91.

HNI (NYSE:HNI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS 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 analyst estimates of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI's quarterly revenue was up 120.7% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts anticipate that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

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

HNI 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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