7,833 Shares in HNI Co. (NYSE:HNI) Acquired by Royce & Associates LP

Royce & Associates LP bought a new stake in HNI Co. (NYSE:HNI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,833 shares of the business services provider's stock, valued at approximately $395,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pacer Advisors Inc. purchased a new stake in shares of HNI in the fourth quarter valued at $69,253,000. FMR LLC lifted its holdings in HNI by 275.3% in the 3rd quarter. FMR LLC now owns 1,836,205 shares of the business services provider's stock valued at $98,861,000 after purchasing an additional 1,346,999 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of HNI by 20.1% during the 4th quarter. Bank of New York Mellon Corp now owns 628,272 shares of the business services provider's stock worth $31,646,000 after purchasing an additional 105,034 shares during the last quarter. Barclays PLC grew its holdings in shares of HNI by 216.7% during the third quarter. Barclays PLC now owns 93,131 shares of the business services provider's stock worth $5,015,000 after buying an additional 63,724 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 buying an additional 48,237 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.

HNI Trading Up 0.2 %

NYSE HNI traded up $0.11 during trading hours on Wednesday, hitting $44.22. 270,830 shares of the company's stock were exchanged, compared to its average volume of 274,566. HNI Co. has a 12-month low of $40.94 and a 12-month high of $58.42. The business's 50 day moving average is $47.52 and its 200-day moving average is $50.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.10. The firm has a market capitalization of $2.08 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.14 and a beta of 0.90.

Remove Ads

HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. HNI had a net margin of 5.52% and a return on equity of 18.27%. The firm had revenue of $642.50 million during the quarter, compared to analyst estimates of $657.03 million. As a group, analysts anticipate that HNI Co. will post 3.6 EPS for the current fiscal year.

HNI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, February 24th. This represents a $1.32 annualized dividend and a yield of 2.99%. HNI's dividend payout ratio is presently 45.67%.

Insider Activity

In other HNI news, insider Brian Scott Smith sold 556 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total transaction of $27,744.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.37% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of HNI from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st.

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.