HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. 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, tables, and architectural products under the HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, office product distributors, e-commerce retailers, and wholesalers, as well as directly to end-user customers; and federal, state, and local governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, SimpliFire, The Outdoor GreatRoom Company, and Stellar brand names. This segment markets its products through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.
HNI Price Performance
HNI Stock traded down $0.03 during mid-day trading on Tuesday, reaching $35.95. The company's stock had a trading volume of 274 shares, compared to its average volume of 128,414. The company has a current ratio of 1.27, a quick ratio of 0.81 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.49 billion, a PE ratio of 21.57 and a beta of 0.86. The company's 50 day moving average is $35.20 and its two-hundred day moving average is $37.12. HNI has a fifty-two week low of $32.91 and a fifty-two week high of $44.50.
HNI (NYSE:HNI - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The business services provider reported $0.52 EPS for the quarter. The business had revenue of $621.70 million during the quarter, compared to the consensus estimate of $606.65 million. HNI had a return on equity of 12.62% and a net margin of 3.01%. The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share.
Wall Street Analysts Forecast Growth
HNI has been the subject of several analyst reports. TheStreet raised shares of HNI from a "c+" rating to a "b-" rating in a research report on Monday, June 27th. StockNews.com lowered HNI from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 6th. Finally, Sidoti downgraded HNI from a "buy" rating to a "neutral" rating and set a $38.00 target price for the company. in a research report on Monday, August 1st.
Insider Buying and Selling
In other HNI news, Director Larry B. Porcellato sold 1,500 shares of the firm's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $34.95, for a total value of $52,425.00. Following the sale, the director now directly owns 41,701 shares of the company's stock, valued at approximately $1,457,449.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.80% of the company's stock.