Arjuna Capital Lowers Stock Holdings in HNI Co. (NYSE:HNI)

Arjuna Capital cut its holdings in HNI Co. (NYSE:HNI) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,840 shares of the business services provider’s stock after selling 1,071 shares during the quarter. Arjuna Capital’s holdings in HNI were worth $1,705,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp grew its stake in HNI by 1.1% in 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 acquiring an additional 20,717 shares during the period. FMR LLC grew its position in shares of HNI by 275.3% in the third quarter. FMR LLC now owns 1,836,205 shares of the business services provider’s stock valued at $98,861,000 after purchasing an additional 1,346,999 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of HNI during the fourth quarter worth about $69,253,000. Geode Capital Management LLC raised its position in shares of HNI by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,084,830 shares of the business services provider’s stock worth $58,419,000 after purchasing an additional 7,553 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in HNI by 20.1% in the 4th quarter. Bank of New York Mellon Corp now owns 628,272 shares of the business services provider’s stock valued at $31,646,000 after buying an additional 105,034 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

HNI Stock Up 0.5 %

NYSE HNI opened at $45.07 on Friday. HNI Co. has a one year low of $40.94 and a one year high of $58.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.10. The business has a fifty day moving average price of $48.79 and a 200 day moving average price of $51.73. The company has a market cap of $2.12 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.14 and a beta of 0.90.

HNI (NYSE:HNI) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. The firm had revenue of $642.50 million for the quarter, compared to analyst estimates of $657.03 million. HNI had a net margin of 5.52% and a return on equity of 18.27%. Research analysts anticipate that HNI Co. will post 3.6 EPS for the current fiscal year.

HNI Dividend Announcement

The business also recently disclosed 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 2.93%. The ex-dividend date of this dividend was Monday, February 24th. HNI’s dividend payout ratio (DPR) is currently 45.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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 company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total value of $27,744.40. Following the completion of the sale, the insider now 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 document filed with the SEC, which can be accessed through this link. 3.36% of the stock is owned by company insiders.

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.