HNI (NYSE:HNI) CEO Sells 1,504 Shares of Stock

Key Points

• HNI CEO Jeffrey Lorenger sold 1,504 shares for $75,200 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 1% to 148,490 shares.
• HNI shares fell 2.1% to $47.39, while the company reported quarterly EPS of $1.27—beating analyst estimates of $1.04—on revenue of $1.47 billion.
• The company declared a quarterly dividend of $0.35 per share, equivalent to an annualized $1.40 payout and a 3.0% yield; analysts maintain a “Moderate Buy” consensus with a $65 price target.

HNI Corporation (NYSE:HNI - Get Free Report) CEO Jeffrey Lorenger sold 1,504 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $50.00, for a total value 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 represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Down 2.1%

NYSE HNI traded down $1.04 on Tuesday, reaching $47.39. The stock had a trading volume of 141,196 shares, compared to its average volume of 686,115. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76. HNI Corporation has a 1 year low of $28.93 and a 1 year high of $52.79. The business has a 50 day moving average price of $44.15 and a 200 day moving average price of $39.39. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 526.61, a P/E/G ratio of 0.58 and a beta of 0.91.

HNI (NYSE:HNI - Get Free Report) last posted its quarterly 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 company 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 business's quarterly revenue was up 120.7% on a year-over-year basis. During the same period last year, the business earned $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, analysts forecast that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. HNI's dividend payout ratio (DPR) is currently 1,555.56%.

Analysts Set New Price Targets

Several research firms have commented on HNI. Weiss Ratings raised shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. Benchmark reaffirmed a "buy" rating on shares of HNI in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price objective on HNI in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, HNI currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

Hedge Funds Weigh In On HNI

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in HNI in the 2nd quarter worth approximately $431,744,000. California State Teachers Retirement System increased its position in HNI by 3,828.7% during the second quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider's stock worth $126,686,000 after acquiring an additional 3,055,211 shares during the period. Bank of New York Mellon Corp acquired a new position in HNI during the 2nd quarter valued at $37,988,000. Front Street Capital Management Inc. bought a new stake in HNI in the 2nd quarter valued at $23,462,000. Finally, Pillsbury Lake Capital LLC acquired a new stake in HNI in the 2nd quarter worth $16,681,571. Institutional investors and hedge funds own 75.26% of the company's stock.

About HNI

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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