Deutsche Bank AG Boosts Stock Position in HNI Co. (NYSE:HNI)

Deutsche Bank AG grew its position in shares of HNI Co. (NYSE:HNI - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,136 shares of the business services provider's stock after acquiring an additional 13,330 shares during the period. Deutsche Bank AG owned about 0.09% of HNI worth $2,072,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HNI. Inspire Investing LLC raised its position in HNI by 3.1% during the 4th quarter. Inspire Investing LLC now owns 7,942 shares of the business services provider's stock valued at $400,000 after purchasing an additional 242 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of HNI by 85.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider's stock valued at $28,000 after acquiring an additional 258 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in HNI by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 27,168 shares of the business services provider's stock worth $1,368,000 after acquiring an additional 267 shares during the period. Louisiana State Employees Retirement System boosted its holdings in HNI by 1.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the business services provider's stock valued at $1,164,000 after acquiring an additional 300 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in HNI by 8.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,967 shares of the business services provider's stock valued at $250,000 after purchasing an additional 376 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HNI shares. Wall Street Zen raised shares of HNI from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Susquehanna started coverage on shares of 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 shares of HNI in a research note on Friday, May 16th. They set a "buy" rating and a $70.00 price objective on the stock.

HNI Stock Performance

HNI traded down $0.55 during midday trading on Wednesday, hitting $46.62. 13,103 shares of the company traded hands, compared to its average volume of 346,035. The firm has a market capitalization of $2.17 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.14 and a beta of 0.91. The company's 50-day moving average is $43.94 and its 200 day moving average is $48.17. HNI Co. has a 52 week low of $39.76 and a 52 week high of $58.42. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

HNI (NYSE:HNI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. HNI had a net margin of 5.52% and a return on equity of 18.27%. The firm had revenue of $599.80 million during the quarter, compared to analyst estimates of $580.47 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, research analysts expect that HNI Co. will post 3.6 EPS for the current year.

HNI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 23rd will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from HNI's previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 2.92%. HNI's payout ratio is currently 48.40%.

HNI Company Profile

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.