Integrated Quantitative Investments LLC Makes New Investment in HNI Co. (NYSE:HNI)

Integrated Quantitative Investments LLC acquired a new stake in shares of HNI Co. (NYSE:HNI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,700 shares of the business services provider's stock, valued at approximately $992,000.

A number of other institutional investors have also recently added to or reduced their stakes in HNI. Geode Capital Management LLC lifted its holdings in HNI by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,091,498 shares of the business services provider's stock worth $54,992,000 after purchasing an additional 6,668 shares during the period. Alliancebernstein L.P. raised its position in HNI by 6.1% during the fourth quarter. Alliancebernstein L.P. now owns 55,606 shares of the business services provider's stock valued at $2,801,000 after buying an additional 3,200 shares during the period. Meeder Asset Management Inc. purchased a new position in HNI during the 4th quarter valued at about $121,000. O Shaughnessy Asset Management LLC lifted its position in HNI by 335.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 34,842 shares of the business services provider's stock worth $1,755,000 after buying an additional 26,840 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in HNI by 25.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,958 shares of the business services provider's stock valued at $350,000 after purchasing an additional 1,424 shares during the last quarter. 75.26% of the stock is currently owned by 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 dated 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 transaction, the insider now owns 14,394 shares of the company's stock, valued at approximately $718,260.60. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.37% of the company's stock.

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Wall Street Analysts Forecast Growth

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

HNI Stock Down 2.5 %

HNI stock traded down $1.06 during mid-day trading on Monday, hitting $41.16. 537,779 shares of the company's stock were exchanged, compared to its average volume of 294,547. The stock has a market cap of $1.94 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.14 and a beta of 0.78. The stock has a 50 day moving average of $46.27 and a two-hundred day moving average of $50.44. HNI Co. has a 1-year low of $40.47 and a 1-year high of $58.42. 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 (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 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, analysts anticipate that HNI Co. will post 3.6 EPS for the current fiscal year.

HNI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders 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 3.21%. The ex-dividend date of this dividend was Monday, February 24th. HNI's dividend payout ratio is 45.67%.

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.