HNI (NYSE:HNI) Stock Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of HNI Co. NYSE: HNI. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in HNI stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Advanced Micro Devices NASDAQ: AMD on 3/31/2025.

HNI Trading Up 0.5 %

Shares of HNI stock traded up $0.20 on Friday, hitting $41.15. The stock had a trading volume of 213,029 shares, compared to its average volume of 299,140. The company's 50 day moving average price is $44.78 and its 200-day moving average price is $49.74. HNI Co. has a 1 year low of $39.76 and a 1 year 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. The firm has a market capitalization of $1.93 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.14 and a beta of 0.78.

HNI (NYSE:HNI - Get Free Report) last issued its quarterly 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 net margin of 5.52% and a return on equity of 18.27%. The company had revenue of $642.50 million for the quarter, compared to analyst estimates of $657.03 million. Analysts anticipate that HNI Co. will post 3.6 earnings per share for the current year.

HNI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders 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 (DPR) is 45.67%.

Insiders Place Their Bets

In other HNI news, insider Brian Scott Smith sold 556 shares of HNI stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total value of $27,744.40. Following the transaction, the insider now directly owns 14,394 shares in the company, valued at approximately $718,260.60. The trade was a 3.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HNI

Hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. purchased a new position in shares of HNI in the 4th quarter valued at $69,253,000. Cerity Partners LLC purchased a new position in shares of HNI during the fourth quarter worth about $8,897,000. Invesco Ltd. lifted its holdings in shares of HNI by 35.1% in the 4th quarter. Invesco Ltd. now owns 605,964 shares of the business services provider's stock valued at $30,522,000 after purchasing an additional 157,579 shares during the last quarter. Norges Bank acquired a new stake in shares of HNI in the 4th quarter valued at about $7,076,000. Finally, FMR LLC grew its stake in HNI by 6.8% during the 4th quarter. FMR LLC now owns 1,960,596 shares of the business services provider's stock worth $98,755,000 after buying an additional 124,391 shares during the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.