HNI Co. (NYSE:HNI) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in HNI Co. (NYSE:HNI - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,091,498 shares of the business services provider's stock after acquiring an additional 6,668 shares during the period. Geode Capital Management LLC owned approximately 2.28% of HNI worth $54,992,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HNI. Alliancebernstein L.P. increased its stake in shares of HNI by 6.1% during the fourth quarter. Alliancebernstein L.P. now owns 55,606 shares of the business services provider's stock worth $2,801,000 after buying an additional 3,200 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of HNI during the fourth quarter worth $121,000. O Shaughnessy Asset Management LLC increased its holdings in HNI by 335.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 34,842 shares of the business services provider's stock valued at $1,755,000 after buying an additional 26,840 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in HNI by 25.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,958 shares of the business services provider's stock worth $350,000 after buying an additional 1,424 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of HNI during the 4th quarter worth about $7,076,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HNI news, insider Brian Scott Smith sold 556 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $718,260.60. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.37% of the stock is currently owned by insiders.

HNI Stock Performance

HNI traded up $0.20 on Friday, reaching $41.15. The company had a trading volume of 213,029 shares, compared to its average volume of 299,670. The stock has a 50-day moving average price of $44.78 and a 200-day moving average price of $49.74. The stock has a market capitalization of $1.93 billion, a PE ratio of 14.24, a P/E/G ratio of 1.14 and a beta of 0.78. HNI Co. has a 1 year low of $39.76 and a 1 year high of $58.42. The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

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, beating analysts' consensus estimates of $0.74 by $0.13. HNI had a return on equity of 18.27% and a net margin of 5.52%. The firm had revenue of $642.50 million during the quarter, compared to analysts' expectations of $657.03 million. As a group, research analysts forecast that HNI Co. will post 3.6 EPS for the current fiscal year.

HNI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Monday, February 24th. HNI's dividend payout ratio is currently 45.67%.

Wall Street Analysts Forecast Growth

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

About HNI

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.