4 days Ago By ABMN Staff
Alliancebernstein L.P. grew its position in shares of HNI Co.
( NYSE:HNI – Free Report ) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,606 shares of the business services provider’s stock after purchasing an additional 3,200 shares during the quarter.
Alliancebernstein L.P.’s holdings in HNI were worth $2,801,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in HNI in the fourth quarter valued at $121,000.
O Shaughnessy Asset Management LLC grew its position in shares of HNI by 335.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 34,842 shares of the business services provider’s stock valued at $1,755,000 after acquiring an additional 26,840 shares during the period.
Pictet Asset Management Holding SA increased its stake in shares of HNI by 25.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,958 shares of the business services provider’s stock valued at $350,000 after purchasing an additional 1,424 shares in the last quarter.
Norges Bank acquired a new position in HNI in the 4th quarter worth about $7,076,000. Finally, JPMorgan Chase & Co. boosted its position in HNI by 39.
1% during the fourth quarter. JPMorgan Chase & Co. now owns 190,425 shares of the business services provider’s stock worth $9,592,000 after purchasing an additional 53,502 shares in the last quarter.
75.26% of the stock is currently owned by institutional investors and hedge funds. Insider Activity In related news, insider Brian Scott Smith sold 556 shares of the stock in a transaction on Tuesday, February 18th.
The stock was sold at an average price of $49.90, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Company insiders own 3.
37% of the company’s stock. Wall Street Analysts Forecast Growth View Our Latest Report on HNI HNI Stock Performance NYSE:HNI opened at $41.76 on Wednesday.
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 stock has a market capitalization of $1.96 billion, a PE ratio of 14.
45, a P/E/G ratio of 1.14 and a beta of 0.78.
HNI Co. has a fifty-two week low of $39.76 and a fifty-two week high of $58.
42. The company has a fifty day moving average of $45.22 and a two-hundred day moving average of $49.
94. HNI ( NYSE:HNI – Get Free Report ) last released its earnings results on Thursday, February 20th. The business services provider reported $0.
87 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13.
The business had revenue of $642.50 million during the quarter, compared to analysts’ expectations of $657.03 million.
HNI had a net margin of 5.52% and a return on equity of 18.27%.
As a group, research analysts forecast that HNI Co. will post 3.6 earnings per share for the current fiscal year.
HNI Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $0.33 dividend.
The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.32 annualized dividend and a dividend yield of 3.
16%. HNI’s dividend payout ratio (DPR) is presently 45.67%.
HNI Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding HNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HNI Co.
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