Strs Ohio cut its position in HNI Corp. (NYSE:HNI) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,800 shares of the company’s stock after selling 400 shares during the period. Strs Ohio’s holdings in HNI Corp. were worth $1,245,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. Iowa State Bank acquired a new position in shares of HNI Corp. during the second quarter worth $110,000. LS Investment Advisors LLC increased its position in shares of HNI Corp. by 76.3% in the second quarter. LS Investment Advisors LLC now owns 2,736 shares of the company’s stock worth $127,000 after buying an additional 1,184 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of HNI Corp. during the second quarter worth $174,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of HNI Corp. during the first quarter worth $222,000. Finally, AMP Capital Investors Ltd increased its position in shares of HNI Corp. by 99.2% in the first quarter. AMP Capital Investors Ltd now owns 11,500 shares of the company’s stock worth $443,000 after buying an additional 5,726 shares during the last quarter. Hedge funds and other institutional investors own 68.01% of the company’s stock.
HNI Corp. (NYSE:HNI) traded up 0.93% during trading on Wednesday, reaching $38.09. The company had a trading volume of 196,688 shares. The firm’s 50 day moving average price is $47.86 and its 200 day moving average price is $46.57. The firm has a market capitalization of $1.69 billion, a PE ratio of 15.16 and a beta of 1.50. HNI Corp. has a 12-month low of $29.84 and a 12-month high of $56.96.
HNI Corp. (NYSE:HNI) last announced its earnings results on Thursday, July 21st. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. HNI Corp. had a net margin of 5.06% and a return on equity of 26.76%. Equities research analysts forecast that HNI Corp. will post $2.55 EPS for the current year.
A number of equities analysts have recently weighed in on the company. Raymond James Financial Inc. downgraded HNI Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th. Zacks Investment Research downgraded HNI Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, September 21st.
In other HNI Corp. news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $44.70, for a total transaction of $223,500.00. Following the completion of the transaction, the director now owns 36,230 shares of the company’s stock, valued at $1,619,481. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Stanley A. Askren sold 58,676 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $52.30, for a total transaction of $3,068,754.80. Following the transaction, the chairman now directly owns 254,378 shares of the company’s stock, valued at approximately $13,303,969.40. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
About HNI Corp.
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.
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