UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.68 Million Holdings in HNI Co. (NYSE:HNI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in HNI Co. (NYSE:HNI - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,560 shares of the business services provider's stock after buying an additional 12,086 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of HNI worth $6,677,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of HNI by 23.2% during the fourth quarter. Wells Fargo & Company MN now owns 34,509 shares of the business services provider's stock worth $1,738,000 after purchasing an additional 6,497 shares in the last quarter. Deutsche Bank AG raised its holdings in HNI by 47.9% in the 4th quarter. Deutsche Bank AG now owns 41,136 shares of the business services provider's stock worth $2,072,000 after purchasing an additional 13,330 shares during the period. Vanguard Group Inc. grew its stake in HNI by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,718,014 shares of the business services provider's stock valued at $288,016,000 after acquiring an additional 62,476 shares during the period. Principal Financial Group Inc. boosted its holdings in HNI by 4.9% in the 4th quarter. Principal Financial Group Inc. now owns 250,181 shares of the business services provider's stock worth $12,602,000 after buying an additional 11,716 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in HNI by 20.1% during the fourth quarter. Bank of New York Mellon Corp now owns 628,272 shares of the business services provider's stock worth $31,646,000 after acquiring an additional 105,034 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HNI shares. Longbow Research started coverage on HNI in a research note on Friday, May 16th. They set a "buy" rating and a $70.00 target price on the stock. Susquehanna initiated coverage on HNI in a research report on Friday, May 16th. They set a "neutral" rating and a $80.00 price objective for the company. Finally, Wall Street Zen raised HNI from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.

HNI Stock Up 2.6%

NYSE HNI traded up $1.22 during trading hours on Tuesday, reaching $47.36. 338,860 shares of the company traded hands, compared to its average volume of 308,836. The company has a 50 day moving average of $44.13 and a two-hundred day moving average of $47.86. HNI Co. has a 12 month low of $39.76 and a 12 month high of $58.42. The stock has a market capitalization of $2.20 billion, a PE ratio of 16.39, a PEG ratio of 1.14 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36.

HNI (NYSE:HNI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.09. The company had revenue of $599.80 million during the quarter, compared to analyst estimates of $580.47 million. HNI had a return on equity of 18.27% and a net margin of 5.52%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. As a group, equities analysts expect that HNI Co. will post 3.6 earnings per share for the current year.

HNI Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 23rd will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.87%. This is a boost from HNI's previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 23rd. HNI's payout ratio is presently 48.40%.

HNI 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.