2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS bought a new stake in HNI Co. (NYSE:HNI – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,100 shares of the business services provider’s stock, valued at approximately $509,000.
A number of other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 258 shares during the last quarter. Vestcor Inc acquired a new position in HNI in the 4th quarter valued at approximately $176,000. Longboard Asset Management LP bought a new position in shares of HNI during the fourth quarter valued at $213,000.
Cibc World Markets Corp acquired a new position in shares of HNI during the fourth quarter worth $224,000. Finally, Contravisory Investment Management Inc. grew its stake 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 worth $227,000 after purchasing an additional 220 shares during the last quarter.
75.26% of the stock is owned by institutional investors and hedge funds. Insiders Place Their BetsIn related news, insider Brian Scott Smith sold 556 shares of the company’s stock in a transaction dated Tuesday, February 18th.
The stock was sold at an average price of $49.90, for a total transaction of $27,744.40.
Following the sale, the insider now owns 14,394 shares in the company, valued at $718,260.60. This represents a 3.
72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.
37% of the company’s stock. HNI Price PerformanceHNI stock opened at $42.77 on Friday.
The stock’s 50 day moving average is $46.64 and its 200 day moving average is $50.63.
HNI Co. has a one year low of $40.94 and a one year high of $58.
42. The firm has a market cap of $2.01 billion, a P/E ratio of 14.
80, a P/E/G ratio of 1.14 and a beta of 0.78.
The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.
68. 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 firm had revenue of $642.50 million for the quarter, compared to the consensus estimate of $657.03 million.
As a group, research analysts expect that HNI Co. will post 3.6 EPS for the current year.
HNI Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a dividend of $0.33 per share.
The ex-dividend date was Monday, February 24th. This represents a $1.32 dividend on an annualized basis and a yield of 3.
09%. HNI’s dividend payout ratio (DPR) is currently 45.67%.
Analyst Upgrades and DowngradesSeparately, StockNews.com lowered HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st.Check Out 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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com to get the latest 13F filings and insider trades for HNI Co. (NYSE:HNI – Free Report)..
