HNI Co. (NYSE:HNI) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its stake in shares of HNI Co. (NYSE:HNI) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,247 shares of the business services provider’s stock after selling 14,160 shares during the period. Hantz Financial Services Inc. owned 0.08% of HNI worth $1,876,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Contravisory Investment Management Inc. increased its position in HNI by 5.1% during the 4th 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 in the last quarter. CWM LLC grew its holdings in shares of HNI by 3.2% during the third quarter. CWM LLC now owns 7,332 shares of the business services provider’s stock worth $395,000 after buying an additional 225 shares in the last quarter. GAMMA Investing LLC raised its position in shares of HNI by 51.6% in the third quarter. GAMMA Investing LLC now owns 670 shares of the business services provider’s stock valued at $36,000 after buying an additional 228 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of HNI by 3.1% during the fourth quarter. Inspire Investing LLC now owns 7,942 shares of the business services provider’s stock valued at $400,000 after buying an additional 242 shares during the period. Finally, Segall Bryant & Hamill LLC grew its stake in HNI by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 13,987 shares of the business services provider’s stock worth $753,000 after acquiring an additional 287 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HNI

In related news, Director Larry B. Porcellato sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total transaction of $113,900.00. Following the completion of the sale, the director now owns 37,880 shares of the company’s stock, valued at approximately $2,157,266. This represents a 5.02 % 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 3.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded HNI from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st.

HNI Price Performance

HNI stock opened at $50.67 on Friday. HNI Co. has a 1 year low of $40.22 and a 1 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 1.09. The firm has a 50 day moving average price of $52.12 and a 200 day moving average price of $52.27. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.18 and a beta of 0.91.

HNI (NYSE:HNI) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $672.20 million during the quarter, compared to analysts’ expectations of $712.75 million. HNI had a net margin of 4.83% and a return on equity of 19.29%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 EPS. Sell-side analysts predict that HNI Co. will post 2.93 earnings per share for the current year.

HNI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, November 18th. This represents a $1.32 annualized dividend and a yield of 2.60%. HNI’s dividend payout ratio is presently 51.16%.

HNI Company 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.