HNI Co. (NYSE:HNI) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its position in HNI Co. (NYSE:HNI) by 27.5% in the 4th quarter, Holdings Channel reports. The fund owned 37,247 shares of the business services provider’s stock after selling 14,160 shares during the period. Hantz Financial Services Inc.’s holdings in HNI were worth $1,876,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in HNI by 1.1% during the 3rd quarter. State Street Corp now owns 1,876,542 shares of the business services provider’s stock valued at $101,033,000 after purchasing an additional 20,717 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of HNI during the fourth quarter valued at about $876,000. SG Americas Securities LLC purchased a new stake in shares of HNI during the third quarter worth about $450,000. JPMorgan Chase & Co. lifted its stake in shares of HNI by 54.4% in the third quarter. JPMorgan Chase & Co. now owns 136,923 shares of the business services provider’s stock worth $7,372,000 after acquiring an additional 48,237 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in HNI by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,780 shares of the business services provider’s stock valued at $1,161,000 after purchasing an additional 1,004 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised HNI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Insider Activity at HNI

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total transaction of $113,900.00. Following the completion of the sale, the director now owns 37,880 shares in the company, valued at $2,157,266. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.36% of the company’s stock.

HNI Price Performance

Shares of HNI stock opened at $50.67 on Friday. The firm has a fifty day moving average of $52.12 and a two-hundred day moving average of $52.27. The firm has a market cap of $2.42 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.18 and a beta of 0.91. HNI Co. has a 1-year low of $40.22 and a 1-year high of $58.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 0.68.

HNI (NYSE:HNI) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. HNI had a return on equity of 19.29% and a net margin of 4.83%. The business had revenue of $672.20 million during the quarter, compared to the consensus estimate of $712.75 million. During the same period last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, research analysts anticipate that HNI Co. will post 2.93 earnings per share for the current fiscal year.

HNI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.60%. HNI’s dividend payout ratio (DPR) is 51.16%.

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.