Barclays PLC Has $5.02 Million Holdings in HNI Co. (NYSE:HNI)

Barclays PLC raised its stake in HNI Co. (NYSE:HNI - Free Report) by 216.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,131 shares of the business services provider's stock after purchasing an additional 63,724 shares during the quarter. Barclays PLC owned approximately 0.19% of HNI worth $5,015,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Eastern Bank bought a new position in shares of HNI in the third quarter valued at $27,000. Quest Partners LLC bought a new position in shares of HNI in the 2nd quarter valued at about $29,000. GAMMA Investing LLC grew its position in shares of HNI by 51.6% in the 3rd quarter. GAMMA Investing LLC now owns 670 shares of the business services provider's stock valued at $36,000 after acquiring an additional 228 shares during the period. Covestor Ltd increased its stake in shares of HNI by 219.9% during the 3rd quarter. Covestor Ltd now owns 739 shares of the business services provider's stock worth $40,000 after purchasing an additional 508 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in shares of HNI in the 3rd quarter valued at about $84,000. Institutional investors and hedge funds own 75.26% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at HNI

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

HNI Stock Performance

HNI traded up $0.70 during trading hours on Friday, reaching $51.63. The company's stock had a trading volume of 2,691,325 shares, compared to its average volume of 270,081. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.09. The company's 50-day moving average is $54.17 and its 200-day moving average is $51.26. HNI Co. has a 52 week low of $39.95 and a 52 week high of $58.42. The firm has a market cap of $2.47 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.55 and a beta of 0.88.

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

HNI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, November 18th. HNI's payout ratio is 51.16%.

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.