HNI (NYSE:HNI) Trading Down 3.3%

HNI Co. (NYSE:HNI - Get Free Report) shares traded down 3.3% during trading on Monday . The stock traded as low as $41.08 and last traded at $41.08. 40,892 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 250,789 shares. The stock had previously closed at $42.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of HNI from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 8th.

HNI Stock Up 1.2 %

The firm's fifty day moving average is $43.31 and its 200-day moving average is $40.93. The company has a market capitalization of $2.03 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 1.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.73 and a current ratio of 1.16.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.18. The company had revenue of $679.80 million during the quarter, compared to the consensus estimate of $686.15 million. HNI had a return on equity of 16.97% and a net margin of 2.03%. The firm's revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. As a group, equities research analysts predict that HNI Co. will post 2.93 EPS for the current year.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Monday, February 26th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, February 23rd. HNI's dividend payout ratio is currently 125.49%.

Insider Activity at HNI

In other HNI news, Director Miguel M. Calado sold 2,500 shares of the business's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $42.99, for a total value of $107,475.00. Following the transaction, the director now directly owns 36,988 shares in the company, valued at $1,590,114.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $44.00, for a total value of $88,000.00. Following the completion of the transaction, the director now owns 40,718 shares of the company's stock, valued at approximately $1,791,592. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Miguel M. Calado sold 2,500 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $42.99, for a total value of $107,475.00. Following the transaction, the director now owns 36,988 shares in the company, valued at $1,590,114.12. The disclosure for this sale can be found here. Insiders have sold a total of 17,374 shares of company stock valued at $749,534 over the last 90 days. Insiders own 3.36% of the company's stock.

Institutional Investors Weigh In On HNI

Several institutional investors have recently bought and sold shares of the stock. USA Financial Formulas bought a new stake in HNI in the 4th quarter worth $25,000. FinTrust Capital Advisors LLC purchased a new stake in shares of HNI during the fourth quarter worth about $42,000. Allspring Global Investments Holdings LLC bought a new stake in shares of HNI in the third quarter worth about $56,000. Northwest Financial Advisors purchased a new position in HNI during the 4th quarter valued at about $134,000. Finally, Hsbc Holdings PLC bought a new position in HNI during the 3rd quarter valued at approximately $207,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

About HNI

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.