23,300 Shares in HNI Co. (NYSE:HNI) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in HNI Co. (NYSE:HNI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,300 shares of the business services provider's stock, valued at approximately $975,000. Louisiana State Employees Retirement System owned 0.05% of HNI as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in HNI in the third quarter valued at about $56,000. Hsbc Holdings PLC acquired a new stake in HNI in the third quarter valued at about $207,000. OLD National Bancorp IN acquired a new stake in HNI in the third quarter valued at about $223,000. Carlson Capital Management acquired a new stake in HNI in the fourth quarter valued at about $228,000. Finally, Equitable Trust Co. acquired a new stake in HNI in the third quarter valued at about $238,000. Institutional investors own 75.26% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at HNI

In other news, Director Mary A. Bell sold 2,898 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $43.13, for a total transaction of $124,990.74. Following the completion of the transaction, the director now directly owns 76,183 shares in the company, valued at $3,285,772.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other HNI news, EVP Vincent P. Berger sold 9,976 shares of HNI stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $43.01, for a total value of $429,067.76. Following the completion of the sale, the executive vice president now directly owns 67,025 shares in the company, valued at $2,882,745.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary A. Bell sold 2,898 shares of HNI stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $43.13, for a total value of $124,990.74. Following the completion of the sale, the director now owns 76,183 shares of the company's stock, valued at $3,285,772.79. The disclosure for this sale can be found here. Insiders sold 17,374 shares of company stock worth $749,534 over the last ninety days. 3.36% of the stock is owned by insiders.

HNI Trading Down 1.2 %

Shares of HNI stock traded down $0.52 during mid-day trading on Thursday, reaching $42.21. 155,678 shares of the stock traded hands, compared to its average volume of 254,476. The stock's fifty day simple moving average is $43.36 and its two-hundred day simple moving average is $40.81. HNI Co. has a 1-year low of $24.81 and a 1-year high of $45.47. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 1.23 and a beta of 0.86. The company has a quick ratio of 0.73, a current ratio of 1.16 and a debt-to-equity ratio of 0.57.

HNI (NYSE:HNI - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.18. HNI had a return on equity of 16.97% and a net margin of 2.03%. The firm had revenue of $679.80 million for the quarter, compared to analyst estimates of $686.15 million. During the same period last year, the firm posted $0.63 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. On average, research analysts anticipate that HNI Co. will post 2.93 EPS for the current fiscal year.

HNI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Monday, February 26th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.03%. HNI's dividend payout ratio (DPR) is 125.49%.

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.