Rep. Jefferson Shreve Sells Off Shares of HNI Corporation (NYSE:HNI)

Representative Jefferson Shreve (R-Indiana) recently sold shares of HNI Corporation NYSE: HNI. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in HNI stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

HNI Trading Up 0.3%

Shares of NYSE HNI traded up $0.18 during trading hours on Monday, hitting $52.50. The company's stock had a trading volume of 35,434 shares, compared to its average volume of 324,864. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 1.46. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.25 and a beta of 0.92. HNI Corporation has a 12 month low of $39.76 and a 12 month high of $58.42. The business has a 50-day simple moving average of $48.89 and a 200-day simple moving average of $46.87.

HNI (NYSE:HNI - Get Free Report) last posted its earnings results on Thursday, July 24th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.25. The company had revenue of $667.10 million for the quarter, compared to analysts' expectations of $646.49 million. HNI had a return on equity of 20.08% and a net margin of 5.73%. HNI's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. On average, analysts anticipate that HNI Corporation will post 3.6 earnings per share for the current fiscal year.

HNI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Friday, May 23rd were paid a $0.34 dividend. The ex-dividend date was Friday, May 23rd. This is a boost from HNI's previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 2.59%. HNI's dividend payout ratio (DPR) is presently 44.16%.

Insider Buying and Selling

In other HNI news, Director Miguel M. Calado sold 2,000 shares of HNI stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $50.00, for a total value of $100,000.00. Following the completion of the sale, the director owned 31,828 shares of the company's stock, valued at approximately $1,591,400. The trade was a 5.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason Dean Hagedorn sold 1,440 shares of HNI stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $47.07, for a total transaction of $67,780.80. Following the completion of the sale, the insider directly owned 36,711 shares of the company's stock, valued at approximately $1,727,986.77. This trade represents a 3.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.37% of the company's stock.

Hedge Funds Weigh In On HNI

Several large investors have recently made changes to their positions in HNI. Federated Hermes Inc. purchased a new position in HNI in the 1st quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its holdings in HNI by 85.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider's stock worth $28,000 after acquiring an additional 258 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in HNI by 88.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 705 shares of the business services provider's stock worth $31,000 after purchasing an additional 331 shares during the period. GAMMA Investing LLC grew its position in HNI by 44.1% in the 2nd quarter. GAMMA Investing LLC now owns 774 shares of the business services provider's stock worth $38,000 after purchasing an additional 237 shares during the period. Finally, Sterling Capital Management LLC grew its position in HNI by 649.1% in the 4th quarter. Sterling Capital Management LLC now owns 809 shares of the business services provider's stock worth $41,000 after purchasing an additional 701 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on HNI shares. Wall Street Zen upgraded shares of HNI from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Longbow Research started coverage on shares of HNI in a report on Friday, May 16th. They issued a "buy" rating and a $70.00 price objective for the company. Finally, Susquehanna initiated coverage on shares of HNI in a report on Friday, May 16th. They issued a "neutral" rating and a $80.00 price objective for the company.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

HNI Company 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.