Dimensional Fund Advisors LP Acquires 43,261 Shares of HNI Co. (NYSE:HNI)

Dimensional Fund Advisors LP boosted its stake in HNI Co. (NYSE:HNI – Get Rating) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,190,197 shares of the business services provider’s stock after buying an additional 43,261 shares during the period. Dimensional Fund Advisors LP’s holdings in HNI were worth $31,554,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of HNI. Citadel Advisors LLC grew its holdings in shares of HNI by 1,192.7% during the second quarter. Citadel Advisors LLC now owns 175,562 shares of the business services provider’s stock valued at $6,090,000 after buying an additional 161,981 shares during the last quarter. Clifford Capital Partners LLC purchased a new position in HNI in the 2nd quarter worth approximately $4,907,000. Victory Capital Management Inc. boosted its stake in shares of HNI by 17.5% in the 3rd quarter. Victory Capital Management Inc. now owns 433,975 shares of the business services provider’s stock valued at $11,505,000 after purchasing an additional 64,617 shares in the last quarter. Vanguard Group Inc. raised its holdings in HNI by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 4,730,584 shares of the business services provider’s stock valued at $175,268,000 after buying an additional 54,458 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in HNI by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,075,366 shares of the business services provider’s stock valued at $39,843,000 after buying an additional 53,769 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 24th.

Insider Transactions at HNI

In related news, Director Larry B. Porcellato sold 1,500 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $28.24, for a total value of $42,360.00. Following the completion of the transaction, the director now directly owns 38,926 shares of the company’s stock, valued at approximately $1,099,270.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other HNI news, EVP Vincent P. Berger sold 2,150 shares of HNI stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $32.24, for a total transaction of $69,316.00. Following the transaction, the executive vice president now owns 63,298 shares of the company’s stock, valued at $2,040,727.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Larry B. Porcellato sold 1,500 shares of HNI stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $28.24, for a total value of $42,360.00. Following the completion of the sale, the director now owns 38,926 shares in the company, valued at $1,099,270.24. The disclosure for this sale can be found here. Insiders sold a total of 8,033 shares of company stock valued at $253,466 in the last three months. 2.70% of the stock is currently owned by company insiders.

HNI Trading Up 1.7 %

HNI stock opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.73 and a current ratio of 1.19. The firm has a fifty day moving average price of $30.53 and a 200 day moving average price of $29.90. The firm has a market cap of $1.34 billion, a PE ratio of 10.93 and a beta of 0.95. HNI Co. has a fifty-two week low of $26.51 and a fifty-two week high of $39.54.

HNI (NYSE:HNI – Get Rating) last announced its earnings results on Thursday, February 23rd. The business services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. HNI had a net margin of 5.25% and a return on equity of 15.68%. The business had revenue of $568.90 million during the quarter, compared to the consensus estimate of $559.22 million. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis.

HNI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 8th. Stockholders of record on Monday, February 27th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Friday, February 24th. HNI’s payout ratio is 43.39%.

HNI Profile

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HNI Corp. engages in the provision of workplace furnishings and residential building products. It operates through the following segments: Workplace Furnishing and Residential Building Products. The Workplace Furnishings segment manufactures and markets a broad line of commercial and home office furniture, which includes panel-based and freestanding furniture systems, seating, storage, tables, and architectural products.