Natixis Advisors LLC Invests $745,000 in HNI Co. (NYSE:HNI)

Natixis Advisors 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 Form 13F filing with the SEC. The fund acquired 14,800 shares of the business services provider's stock, valued at approximately $745,000.

Other institutional investors also recently bought and sold shares of the company. Vestcor Inc purchased a new stake in HNI in the fourth quarter worth about $176,000. Inspire Advisors LLC grew its stake in shares of HNI by 5.5% during the 4th quarter. Inspire Advisors LLC now owns 35,364 shares of the business services provider's stock valued at $1,781,000 after acquiring an additional 1,838 shares during the period. Amundi increased its holdings in HNI by 206.5% in the 4th quarter. Amundi now owns 26,167 shares of the business services provider's stock worth $1,252,000 after acquiring an additional 17,631 shares in the last quarter. Edgestream Partners L.P. raised its stake in HNI by 115.9% during the 4th quarter. Edgestream Partners L.P. now owns 23,283 shares of the business services provider's stock worth $1,173,000 after acquiring an additional 12,497 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in HNI during the fourth quarter valued at approximately $245,000. 75.26% of the stock is owned by institutional investors.

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.

Insider Buying and Selling at HNI

In related 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 transaction, the insider now directly owns 14,394 shares of the company's stock, valued at approximately $718,260.60. This represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.37% of the company's stock.

HNI Price Performance

Shares of NYSE:HNI traded down $0.79 during trading on Friday, hitting $44.69. 259,485 shares of the company's stock were exchanged, compared to its average volume of 291,717. The business's 50-day simple moving average is $47.17 and its 200 day simple moving average is $50.81. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.14 and a beta of 0.90. HNI Co. has a 52-week low of $40.94 and a 52-week high of $58.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.68.

HNI (NYSE:HNI - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.52% and a return on equity of 18.27%. The business had revenue of $642.50 million during the quarter, compared to analyst estimates of $657.03 million. As a group, equities analysts predict that HNI Co. will post 3.6 EPS for the current year.

HNI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Monday, February 24th. HNI's payout ratio is currently 45.67%.

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.