HNI (NYSE:HNI) CEO Sells 7,508 Shares

Key Points

• HNI CEO Jeffrey Lorenger sold 7,508 shares at an average price of $50.06, generating approximately $375,850. After the transaction, he retained 148,490 shares; the sale was executed under a Rule 10b5-1 trading plan.
• HNI reported quarterly EPS of $1.27, exceeding analysts’ $1.04 estimate, while revenue reached $1.47 billion and rose 120.7% year over year. The company issued fiscal 2026 EPS guidance of $4.15 to $4.33.
• The company declared a quarterly dividend of $0.35 per share, equivalent to an annualized $1.40 dividend and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus with a $65 price target.

HNI Corporation (NYSE:HNI - Get Free Report) CEO Jeffrey Lorenger sold 7,508 shares of the business's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $50.06, for a total value of $375,850.48. Following the sale, the chief executive officer owned 148,490 shares in the company, valued at $7,433,409.40. The trade was a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HNI Stock Performance

Shares of HNI stock traded down $0.65 during midday trading on Friday, hitting $49.31. The company had a trading volume of 113,094 shares, compared to its average volume of 684,526. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 547.95, a PEG ratio of 0.59 and a beta of 0.91. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $43.58 and a 200 day simple moving average of $39.43. HNI Corporation has a 12-month low of $28.93 and a 12-month high of $52.79.

HNI (NYSE:HNI - Get Free Report) last released its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.23. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI's revenue was up 120.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, analysts predict that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

The company 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 is Friday, August 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. HNI's dividend payout ratio is currently 1,555.56%.

Analyst Upgrades and Downgrades

HNI has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating on shares of HNI in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company set a $65.00 target price on shares of HNI in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, HNI presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

Institutional Trading of HNI

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in HNI during the second quarter worth about $431,744,000. California State Teachers Retirement System lifted its holdings in HNI by 3,828.7% in the second quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider's stock valued at $126,686,000 after acquiring an additional 3,055,211 shares during the period. Bank of New York Mellon Corp purchased a new stake in HNI in the 2nd quarter worth approximately $37,988,000. Front Street Capital Management Inc. acquired a new stake in shares of HNI during the 2nd quarter worth approximately $23,462,000. Finally, Pillsbury Lake Capital LLC acquired a new stake in shares of HNI during the 2nd quarter worth approximately $16,681,571,000. 75.26% of the stock is owned by institutional investors and hedge funds.

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.

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