HNI Co. (NYSE:HNI) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of HNI Co. (NYSE:HNI - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 109,584 shares of the business services provider's stock after acquiring an additional 9,106 shares during the period. American Century Companies Inc. owned approximately 0.23% of HNI worth $5,520,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ritholtz Wealth Management bought a new stake in HNI during the fourth quarter valued at approximately $876,000. State Street Corp boosted its stake in HNI by 1.1% in the 3rd quarter. State Street Corp now owns 1,876,542 shares of the business services provider's stock worth $101,033,000 after purchasing an additional 20,717 shares during the period. Principal Financial Group Inc. grew its stake in HNI by 4.9% during the fourth quarter. Principal Financial Group Inc. now owns 250,181 shares of the business services provider's stock valued at $12,602,000 after acquiring an additional 11,716 shares in the last quarter. JPMorgan Chase & Co. increased 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 worth $7,372,000 after purchasing an additional 48,237 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in HNI by 20.1% in 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 acquiring an additional 105,034 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HNI

In related 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 transaction, the insider now 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 legal filing with the SEC, which is available through this link. Insiders own 3.37% of the company's stock.

HNI Trading Up 7.4 %

Shares of HNI stock traded up $2.99 on Wednesday, reaching $43.25. 411,803 shares of the company's stock were exchanged, compared to its average volume of 297,039. The company's fifty day simple moving average is $45.59 and its 200 day simple moving average is $50.18. The stock has a market capitalization of $2.03 billion, a PE ratio of 14.97, a P/E/G ratio of 1.14 and a beta of 0.78. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36. HNI Co. has a 52 week low of $39.77 and a 52 week high of $58.42.

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

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.32 annualized dividend and a dividend yield of 3.05%. HNI's payout ratio is presently 45.67%.

Wall Street Analyst Weigh In

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

HNI 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.