2 weeks Ago By Defense World Staff
American Century Companies Inc. raised its stake in HNI Co. (NYSE:HNI – Free Report) by 9.
1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,584 shares of the business services provider’s stock after buying an additional 9,106 shares during the period. American Century Companies Inc.
owned approximately 0.23% of HNI worth $5,520,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently modified their holdings of HNI.
Smartleaf Asset Management LLC increased its stake in HNI by 85.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 258 shares in the last quarter.
Vestcor Inc purchased a new stake in shares of HNI in the 4th quarter worth about $176,000. Longboard Asset Management LP purchased a new stake in shares of HNI in the 4th quarter worth about $213,000. Cibc World Markets Corp purchased a new position in HNI during the 4th quarter valued at about $224,000.
Finally, Contravisory Investment Management Inc. lifted its holdings in shares of HNI by 5.1% in the fourth quarter.
Contravisory Investment Management Inc. now owns 4,501 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 220 shares in the last quarter. 75.
26% of the stock is currently owned by institutional investors and hedge funds. Insider ActivityIn other news, insider Brian Scott Smith sold 556 shares of HNI stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company’s stock, valued at $718,260.
60. The trade was a 3.72 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.37% of the company’s stock.
HNI Stock Down 1.3 %HNI stock opened at $42.17 on Friday.
HNI Co. has a one year low of $40.78 and a one year high of $58.
42. The stock has a market capitalization of $1.98 billion, a P/E ratio of 14.
59, a PEG ratio of 1.14 and a beta of 0.78.
The company has a 50 day moving average price of $46.47 and a two-hundred day moving average price of $50.56.
The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.
10. 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, beating the consensus estimate of $0.74 by $0.13.
HNI had a return on equity of 18.27% and a net margin of 5.52%.
The firm had revenue of $642.50 million during the quarter, compared to analyst estimates of $657.03 million.
As a group, sell-side analysts expect that HNI Co. will post 3.6 EPS for the current year.
HNI Dividend AnnouncementThe business 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 3.13%.
The ex-dividend date of this dividend was Monday, February 24th. HNI’s dividend payout ratio is currently 45.67%.
Wall Street Analysts Forecast GrowthSeparately, StockNews.com downgraded HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st.Read Our Latest Research Report on HNIAbout HNI (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.
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