HNI (NYSE:HNI) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• HNI shares crossed above their 200-day moving average, trading as high as $46.60 versus the $39.29 average, with the stock last at $46.20.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $65.00.
• HNI reported quarterly EPS of $1.27, beating estimates of $1.04, while revenue rose 120.7% year over year; the company also declared a $0.35 quarterly dividend, or $1.40 annually.

HNI Corporation (NYSE:HNI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.29 and traded as high as $46.60. HNI shares last traded at $46.20, with a volume of 563,118 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HNI. Wall Street Zen raised shares of HNI from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Weiss Ratings raised shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 24th. Benchmark reaffirmed a "buy" rating on shares of HNI in a report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 price objective on HNI in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $65.00.

HNI Stock Up 0.2%

The business's 50-day moving average is $46.48 and its two-hundred day moving average is $39.29. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 513.39, a P/E/G ratio of 0.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.23. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The business's revenue for the quarter was up 120.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 earnings per share. 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, equities analysts anticipate that HNI Corporation will post 4.24 earnings per share for the current year.

HNI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were given a $0.35 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. HNI's payout ratio is currently 1,555.56%.

Insider Activity at HNI

In related news, CEO Jeffrey Lorenger sold 1,504 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $50.00, for a total transaction of $75,200.00. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares in the company, valued at approximately $7,424,500. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 95,138 shares of company stock worth $4,648,587 in the last quarter. Company insiders own 2.15% of the company's stock.

Institutional Investors Weigh In On HNI

A number of institutional investors and hedge funds have recently made changes to their positions in HNI. BlackRock Inc. bought a new position in shares of HNI in the 2nd quarter valued at about $431,744,000. Bank of New York Mellon Corp acquired a new stake in HNI in the 2nd quarter valued at about $37,988,000. Cooke & Bieler LP lifted its stake in HNI by 23.0% in the 4th quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider's stock valued at $31,719,000 after purchasing an additional 140,971 shares during the last quarter. Front Street Capital Management Inc. bought a new position in HNI during the second quarter worth about $23,462,000. Finally, Pillsbury Lake Capital LLC bought a new position in HNI during the second quarter worth about $16,681,571. Institutional investors own 75.26% of the company's stock.

HNI Company Profile

HNI Corporation NYSE: HNI is a workplace furnishings and building products company headquartered in Muscatine, Iowa. Through its office furniture businesses, the company designs and manufactures products for commercial workplaces, government facilities, education, healthcare and other institutional environments.

HNI's office furnishings portfolio includes desks, tables, seating, storage, workplace accessories and related solutions. Its brands have included HON, Allsteel, Gunlocke, HBF and OFM, serving organizations through dealers, distributors, direct sales and other channels.

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