Rehmann Capital Advisory Group Acquires 25,006 Shares of HNI Corporation $HNI

Key Points

• Rehmann Capital Advisory Group more than doubled its HNI Corporation stake in the second quarter, adding 25,006 shares to own 46,315 shares valued at approximately $1.87 million. Institutional investors collectively own 75.26% of HNI.
• HNI reported quarterly EPS of $1.27, exceeding analysts’ $1.04 estimate, while revenue rose 120.7% year over year to $1.47 billion. The company issued fiscal 2026 EPS guidance of $4.15–$4.33.
• HNI declared a quarterly dividend of $0.35 per share, equivalent to a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with a $65 price target, although insiders sold $4.65 million of stock over the past three months.

Rehmann Capital Advisory Group increased its holdings in HNI Corporation (NYSE:HNI - Free Report) by 117.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,315 shares of the business services provider's stock after buying an additional 25,006 shares during the quarter. Rehmann Capital Advisory Group owned 0.06% of HNI worth $1,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HNI. Royal Bank of Canada raised its position in HNI by 20.5% in the first quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider's stock worth $383,000 after acquiring an additional 1,472 shares during the period. AQR Capital Management LLC grew 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 acquiring an additional 802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 in the last quarter. Millennium Management LLC purchased a new stake in shares of HNI in the 1st quarter worth $10,666,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in HNI by 7.3% in the 1st 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 purchasing an additional 9,730 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.

HNI Stock Down 2.1%

HNI opened at $47.42 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. HNI Corporation has a fifty-two week low of $28.93 and a fifty-two week high of $52.79. The firm's fifty day moving average is $44.41 and its 200 day moving average is $39.36. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 526.95, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.23. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.HNI's revenue for the quarter was up 120.7% compared to the same quarter last year. 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. On average, sell-side analysts forecast 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. Investors of record on Friday, August 28th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. HNI's dividend payout ratio (DPR) is currently 1,555.56%.

Insider Activity

In related news, CEO Jeffrey D. Lorenger sold 1,504 shares of HNI 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 sale, the chief executive officer owned 148,490 shares of the company's stock, valued at approximately $7,424,500. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 three months. Company insiders own 2.15% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on HNI shares. Benchmark reissued a "buy" rating on shares of HNI in a report on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price objective on HNI in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source