Amundi Purchases 17,631 Shares of HNI Co. (NYSE:HNI)

Amundi raised its holdings in HNI Co. (NYSE:HNI - Free Report) by 206.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,167 shares of the business services provider's stock after acquiring an additional 17,631 shares during the quarter. Amundi owned about 0.05% of HNI worth $1,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HNI. Smartleaf Asset Management LLC lifted its stake in shares of HNI by 85.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider's stock worth $28,000 after buying an additional 258 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of HNI in the third quarter worth $84,000. Longboard Asset Management LP acquired a new stake in shares of HNI in the fourth quarter worth $213,000. Contravisory Investment Management Inc. lifted its stake in shares of HNI by 5.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 4,501 shares of the business services provider's stock worth $227,000 after buying an additional 220 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in shares of HNI in the third quarter worth $244,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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HNI Stock Performance

Shares of HNI stock traded down $0.46 on Friday, reaching $43.29. The stock had a trading volume of 2,404,492 shares, compared to its average volume of 272,917. HNI Co. has a fifty-two week low of $40.94 and a fifty-two week high of $58.42. The business's 50-day moving average price is $47.66 and its two-hundred day moving average price is $51.05. The stock has a market cap of $2.04 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 1.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.10.

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

HNI Announces Dividend

The business 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 3.05%. The ex-dividend date of this dividend was Monday, February 24th. HNI's dividend payout ratio (DPR) is currently 45.67%.

Insider Buying and Selling

In other HNI news, insider Brian Scott Smith sold 556 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total value of $27,744.40. Following the sale, the insider now owns 14,394 shares of the company's stock, valued at $718,260.60. The trade was a 3.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.36% of the stock is currently owned by insiders.

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.