Squarepoint Ops LLC Has $407,000 Position in HNI Corporation $HNI

Key Points

• Squarepoint Ops LLC cut its HNI Corporation stake by 81.4% in the second quarter, retaining 10,076 shares valued at approximately $407,000. Institutional investors and hedge funds collectively own 75.26% of HNI.
• HNI exceeded quarterly earnings expectations, reporting $1.27 in EPS versus the $1.04 consensus, while revenue rose 120.7% year over year to $1.47 billion. The company reaffirmed fiscal 2026 EPS guidance of $4.15–$4.33.
• HNI shares opened at $46.20, while analysts maintain a “Moderate Buy” consensus with an average price target of $65. The company also declared a quarterly dividend of $0.35, implying a 3.0% annualized yield.

Squarepoint Ops LLC lessened its holdings in HNI Corporation (NYSE:HNI - Free Report) by 81.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,076 shares of the business services provider's stock after selling 44,214 shares during the quarter. Squarepoint Ops LLC's holdings in HNI were worth $407,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. bought a new position in shares of HNI during the second quarter valued at $245,000. Nykredit A S acquired a new stake in HNI in the second quarter valued at $36,000. Amundi raised its position in HNI by 9.3% during the 2nd quarter. Amundi now owns 13,552 shares of the business services provider's stock worth $548,000 after purchasing an additional 1,152 shares during the last quarter. denkapparat Operations GmbH acquired a new position in HNI during the 2nd quarter worth about $227,000. Finally, Rehmann Capital Advisory Group lifted its holdings in HNI by 117.3% during the 2nd quarter. Rehmann Capital Advisory Group now owns 46,315 shares of the business services provider's stock worth $1,872,000 after buying an additional 25,006 shares during the period. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jeffrey Lorenger sold 1,504 shares of the company's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $50.00, for a total transaction of $75,200.00. Following the transaction, the chief executive officer owned 148,490 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 95,138 shares of company stock valued at $4,648,587 over the last ninety days. Insiders own 2.15% of the company's stock.

HNI Stock Up 0.2%

Shares of NYSE:HNI opened at $46.20 on Tuesday. HNI Corporation has a 1 year low of $28.93 and a 1 year high of $52.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. The business's 50-day moving average is $46.48 and its 200-day moving average is $39.29. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 513.39, a P/E/G ratio of 0.54 and a beta of 0.92.

HNI (NYSE:HNI - Get Free Report) last issued its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share 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 the consensus estimate of $1.48 billion. HNI had a return on equity of 13.66% and a net margin of 0.10%.The firm's revenue for the quarter was up 120.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Equities research analysts predict that HNI Corporation will post 4.24 earnings per share for the current year.

HNI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 28th. HNI's dividend payout ratio (DPR) is presently 1,555.56%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HNI. Benchmark reissued a "buy" rating on shares of HNI in a research note on Wednesday, July 15th. Wells Fargo & Company set a $65.00 target price on HNI in a report on Wednesday, July 15th. Wall Street Zen raised shares of HNI from a "hold" rating to a "buy" rating in a research report on Saturday, September 12th. Finally, Weiss Ratings raised shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $65.00.

HNI Profile

HNI Corporation NYSE: HNI is a workplace furnishings and building products company headquartered in Muscatine, Iowa. Through its office furniture businesses, the company designs and manufactures products for commercial workplaces, government facilities, education, healthcare and other institutional environments.

HNI's office furnishings portfolio includes desks, tables, seating, storage, workplace accessories and related solutions. Its brands have included HON, Allsteel, Gunlocke, HBF and OFM, serving organizations through dealers, distributors, direct sales and other channels.

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