Petrus Trust Company LTA Takes Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

Petrus Trust Company LTA purchased a new position in shares of Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 24,599 shares of the company's stock, valued at approximately $676,000. Petrus Trust Company LTA owned approximately 0.15% of Haverty Furniture Companies as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of HVT. Point72 DIFC Ltd bought a new position in shares of Haverty Furniture Companies in the 3rd quarter worth $70,000. US Bancorp DE bought a new position in shares of Haverty Furniture Companies in the 3rd quarter worth $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Haverty Furniture Companies by 22.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company's stock worth $140,000 after purchasing an additional 1,034 shares in the last quarter. Quest Partners LLC bought a new position in shares of Haverty Furniture Companies in the 3rd quarter worth $185,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Haverty Furniture Companies by 79.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 7,772 shares of the company's stock worth $197,000 after purchasing an additional 3,451 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Haverty Furniture Companies from a "buy" rating to a "hold" rating in a report on Friday, October 25th.

Haverty Furniture Companies Stock Up 0.4 %

NYSE HVT traded up $0.09 on Thursday, reaching $23.35. The company had a trading volume of 144,780 shares, compared to its average volume of 183,461. The stock has a market capitalization of $383.17 million, a P/E ratio of 14.69, a P/E/G ratio of 2.09 and a beta of 1.47. The company's fifty day moving average is $24.25 and its 200 day moving average is $25.91. Haverty Furniture Companies, Inc. has a 52-week low of $21.61 and a 52-week high of $37.05.

Haverty Furniture Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 26th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Tuesday, November 26th. Haverty Furniture Companies's payout ratio is currently 80.50%.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.