Campbell & CO Investment Adviser LLC Acquires Shares of 31,835 HNI Corporation $HNI

Key Points

• Campbell & CO Investment Adviser LLC has acquired 31,835 shares of HNI Corporation, valued at approximately $1,412,000, now holding about 0.07% of the company.
• HNI Corporation recently declared a $0.34 quarterly dividend, representing an annualized dividend yield of 3.1%.
• Analyst ratings for HNI have improved, with reports upgrading the stock from a "buy" to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy".

Campbell & CO Investment Adviser LLC bought a new position in shares of HNI Corporation (NYSE:HNI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,835 shares of the business services provider's stock, valued at approximately $1,412,000. Campbell & CO Investment Adviser LLC owned approximately 0.07% of HNI as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Northern Trust Corp increased its position in HNI by 0.9% during the first quarter. Northern Trust Corp now owns 2,204,982 shares of the business services provider's stock worth $97,791,000 after acquiring an additional 19,287 shares during the period. Dimensional Fund Advisors LP grew its position in shares of HNI by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,623,706 shares of the business services provider's stock worth $81,786,000 after purchasing an additional 43,249 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of HNI by 1.8% during the fourth quarter. Systematic Financial Management LP now owns 474,140 shares of the business services provider's stock worth $23,882,000 after purchasing an additional 8,303 shares during the period. Principal Financial Group Inc. raised its position in shares of HNI by 3.1% in the first quarter. Principal Financial Group Inc. now owns 258,055 shares of the business services provider's stock valued at $11,445,000 after buying an additional 7,874 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of HNI by 1.8% in the first quarter. Victory Capital Management Inc. now owns 230,453 shares of the business services provider's stock valued at $10,221,000 after buying an additional 4,158 shares during the period. Institutional investors own 75.26% of the company's stock.

HNI Trading Down 1.0%

Shares of HNI stock opened at $44.4340 on Tuesday. HNI Corporation has a fifty-two week low of $39.76 and a fifty-two week high of $58.42. The stock's fifty day moving average price is $48.45 and its two-hundred day moving average price is $46.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 1.46. The company has a market cap of $2.04 billion, a PE ratio of 14.43, a P/E/G ratio of 0.63 and a beta of 0.95.

HNI (NYSE:HNI - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The business services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.25. The business had revenue of $667.10 million during the quarter, compared to the consensus estimate of $646.49 million. HNI had a return on equity of 20.08% and a net margin of 5.73%.HNI's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. Equities analysts predict that HNI Corporation will post 3.6 EPS for the current fiscal year.

HNI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 22nd will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, August 22nd. HNI's dividend payout ratio (DPR) is presently 44.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded HNI from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Susquehanna began coverage on HNI in a report on Friday, May 16th. They set a "neutral" rating and a $80.00 target price on the stock. Finally, Longbow Research began coverage on HNI in a research report on Friday, May 16th. They issued a "buy" rating and a $70.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, HNI currently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

Insider Activity at HNI

In other news, Director Miguel M. Calado sold 1,743 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $53.00, for a total transaction of $92,379.00. Following the completion of the transaction, the director directly owned 30,085 shares in the company, valued at approximately $1,594,505. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason Dean Hagedorn sold 1,440 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $47.07, for a total value of $67,780.80. Following the sale, the insider directly owned 36,711 shares in the company, valued at approximately $1,727,986.77. This trade represents a 3.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,383 shares of company stock worth $270,818 over the last ninety days. 3.37% of the stock is currently owned by insiders.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.

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