HNI Co. (NYSE:HNI) Shares Acquired by Barclays PLC

Barclays PLC raised its position in shares of HNI Co. (NYSE:HNI - Free Report) by 216.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,131 shares of the business services provider's stock after buying an additional 63,724 shares during the quarter. Barclays PLC owned about 0.19% of HNI worth $5,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of HNI by 1.1% during 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 last quarter. FMR LLC lifted its holdings in shares of HNI by 275.3% during 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in HNI by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,625,534 shares of the business services provider's stock worth $73,180,000 after buying an additional 9,901 shares during the last quarter. Bank of New York Mellon Corp raised its stake in HNI by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 565,012 shares of the business services provider's stock valued at $25,437,000 after buying an additional 17,151 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in HNI by 6.7% in the 3rd quarter. Systematic Financial Management LP now owns 465,837 shares of the business services provider's stock worth $25,081,000 after purchasing an additional 29,093 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of HNI from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 31st.

HNI Stock Performance

Shares of HNI traded up $0.70 during mid-day trading on Friday, reaching $51.63. The company had a trading volume of 2,691,325 shares, compared to its average volume of 270,081. The stock has a 50 day moving average of $54.17 and a two-hundred day moving average of $51.22. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.47 billion, a P/E ratio of 20.01, a PEG ratio of 1.55 and a beta of 0.88. HNI Co. has a 52-week low of $39.95 and a 52-week high of $58.42.

HNI (NYSE:HNI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $672.20 million during the quarter, compared to analysts' expectations of $712.75 million. HNI had a net margin of 4.83% and a return on equity of 19.29%. The business's revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. On average, analysts expect that HNI Co. will post 2.93 earnings per share for the current year.

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.33 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.56%. HNI's payout ratio is 51.16%.

Insiders Place Their Bets

In related news, insider Brian Scott Smith sold 2,284 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total transaction of $123,336.00. Following the completion of the transaction, the insider now owns 11,902 shares in the company, valued at $642,708. This represents a 16.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry B. Porcellato sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total value of $113,900.00. Following the completion of the transaction, the director now owns 37,880 shares in the company, valued at approximately $2,157,266. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. 3.36% of the stock is currently owned by company insiders.

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.