Jupiter Topco LLC Purchases Shares of 31,904 HNI Corporation $HNI

Key Points

• Jupiter Topco LLC acquired 31,904 HNI shares worth approximately $1.29 million during the second quarter. Institutional investors collectively own 75.26% of HNI.
• Analyst sentiment remains favorable, with HNI carrying a consensus “Moderate Buy” rating and a $65 price target. The stock opened at $49.53, near its 12-month high of $52.79.
• HNI reported quarterly EPS of $1.27, exceeding estimates of $1.04, while revenue rose 120.7% year over year to $1.47 billion. The company also declared a quarterly dividend of $0.35 per share, for an annualized yield of 2.8%.

Jupiter Topco LLC purchased a new stake in HNI Corporation (NYSE:HNI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,904 shares of the business services provider's stock, valued at approximately $1,289,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. bought a new position in HNI in the 2nd quarter worth $431,744,000. Bank of New York Mellon Corp acquired a new position in HNI during the 2nd quarter worth $37,988,000. Cooke & Bieler LP boosted its holdings in HNI by 23.0% during the fourth quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider's stock valued at $31,719,000 after acquiring an additional 140,971 shares during the period. Front Street Capital Management Inc. bought a new stake in HNI during the 2nd quarter valued at approximately $23,462,000. Finally, Millennium Management LLC acquired a new stake in HNI in the 1st quarter valued at approximately $10,666,000. 75.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HNI has been the subject of a number of recent research reports. Benchmark restated a "buy" rating on shares of HNI in a research note on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price target on 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

HNI Trading Up 2.7%

NYSE:HNI opened at $49.53 on Friday. The company has a market cap of $3.58 billion, a P/E ratio of 550.39, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92. HNI Corporation has a twelve month low of $28.93 and a twelve month high of $52.79. The business has a 50 day moving average price of $45.02 and a two-hundred day moving average price of $39.41. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76.

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

HNI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.35 dividend. The ex-dividend date of this dividend 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 currently 1,555.56%.

Insider Transactions at HNI

In related news, CEO Jeffrey Lorenger sold 1,504 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $50.00, for a total transaction of $75,200.00. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares of the company's stock, valued at approximately $7,424,500. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 95,138 shares of company stock worth $4,648,587 in the last 90 days. Corporate 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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