Tudor Investment Corp ET AL Invests $887,000 in HNI Co. (NYSE:HNI)

Tudor Investment Corp ET AL bought a new stake in HNI Co. (NYSE:HNI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,617 shares of the business services provider's stock, valued at approximately $887,000.

A number of other institutional investors have also recently made changes to their positions in HNI. Barclays PLC increased its holdings in shares of HNI by 216.7% in the 3rd quarter. Barclays PLC now owns 93,131 shares of the business services provider's stock valued at $5,015,000 after acquiring an additional 63,724 shares during the period. Principal Financial Group Inc. raised its position in HNI by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 238,465 shares of the business services provider's stock worth $12,839,000 after buying an additional 4,358 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of HNI by 54.4% in the third quarter. JPMorgan Chase & Co. now owns 136,923 shares of the business services provider's stock valued at $7,372,000 after acquiring an additional 48,237 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of HNI by 6.2% during the 4th quarter. Nordea Investment Management AB now owns 120,029 shares of the business services provider's stock worth $6,065,000 after buying an additional 7,023 shares in the last quarter. Finally, Diversified Trust Co boosted its position in shares of HNI by 72.0% during the 4th quarter. Diversified Trust Co now owns 8,653 shares of the business services provider's stock worth $436,000 after purchasing an additional 3,623 shares in the last quarter. Institutional investors and hedge funds own 75.26% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded HNI from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st.

Insider Buying and Selling

In other HNI news, insider Brian Scott Smith sold 556 shares of HNI stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $49.90, for a total transaction of $27,744.40. Following the sale, the insider now directly owns 14,394 shares in the company, valued at $718,260.60. The trade was a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.37% of the stock is owned by corporate insiders.

HNI Price Performance

Shares of NYSE:HNI traded up $1.92 on Monday, hitting $49.48. The company had a trading volume of 40,341 shares, compared to its average volume of 304,741. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.33 billion, a PE ratio of 17.04, a PEG ratio of 1.14 and a beta of 0.91. HNI Co. has a 52-week low of $39.76 and a 52-week high of $58.42. The business has a 50 day moving average of $43.18 and a 200 day moving average of $48.52.

HNI (NYSE:HNI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.09. The business had revenue of $599.80 million during the quarter, compared to analyst estimates of $580.47 million. HNI had a net margin of 5.52% and a return on equity of 18.27%. The company's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, equities analysts anticipate that HNI Co. will post 3.6 earnings per share for the current fiscal year.

HNI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Monday, February 24th. HNI's dividend payout ratio (DPR) is presently 45.67%.

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.