Texas Permanent School Fund Sells 746 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Texas Permanent School Fund trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT – Get Rating) by 7.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,894 shares of the company’s stock after selling 746 shares during the period. Texas Permanent School Fund owned approximately 0.06% of Haverty Furniture Companies worth $266,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Haverty Furniture Companies by 13.5% in the 1st quarter. BlackRock Inc. now owns 3,101,540 shares of the company’s stock worth $85,045,000 after acquiring an additional 369,931 shares during the last quarter. Vanguard Group Inc. raised its holdings in Haverty Furniture Companies by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 1,157,724 shares of the company’s stock worth $31,746,000 after acquiring an additional 32,904 shares during the last quarter. State Street Corp raised its holdings in Haverty Furniture Companies by 12.0% in the 1st quarter. State Street Corp now owns 654,090 shares of the company’s stock worth $17,935,000 after acquiring an additional 70,246 shares during the last quarter. First Trust Advisors LP raised its holdings in Haverty Furniture Companies by 10.0% in the 3rd quarter. First Trust Advisors LP now owns 362,289 shares of the company’s stock worth $9,021,000 after acquiring an additional 32,926 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Haverty Furniture Companies by 8.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 271,095 shares of the company’s stock worth $6,751,000 after acquiring an additional 22,207 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Haverty Furniture Companies in a report on Thursday. They issued a “buy” rating for the company.

Haverty Furniture Companies Trading Up 0.1 %

Shares of HVT opened at $26.34 on Friday. The firm has a market cap of $425.39 million, a PE ratio of 5.42 and a beta of 1.37. The firm has a fifty day simple moving average of $29.90 and a two-hundred day simple moving average of $31.83. Haverty Furniture Companies, Inc. has a 1-year low of $22.77 and a 1-year high of $38.85.

Haverty Furniture Companies (NYSE:HVT – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). Haverty Furniture Companies had a net margin of 7.97% and a return on equity of 29.00%. The business had revenue of $280.56 million for the quarter, compared to the consensus estimate of $272.60 million. As a group, research analysts forecast that Haverty Furniture Companies, Inc. will post 3.9 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 27th. Stockholders of record on Friday, March 10th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, March 9th. Haverty Furniture Companies’s payout ratio is 23.05%.

Insider Activity

In other news, VP Jenny H. Parker sold 2,620 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $38.07, for a total transaction of $99,743.40. Following the completion of the sale, the vice president now owns 21,714 shares of the company’s stock, valued at approximately $826,651.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Jenny H. Parker sold 2,620 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $38.07, for a total value of $99,743.40. Following the completion of the transaction, the vice president now owns 21,714 shares of the company’s stock, valued at approximately $826,651.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Steven G. Burdette sold 3,789 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $34.00, for a total transaction of $128,826.00. Following the completion of the transaction, the president now directly owns 13,351 shares of the company’s stock, valued at approximately $453,934. The disclosure for this sale can be found here. Insiders sold a total of 36,159 shares of company stock valued at $1,204,812 in the last 90 days. Company insiders own 8.89% of the company’s stock.

Haverty Furniture Companies Company Profile

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Haverty Furniture Cos., Inc engages in the retail of residential furniture and accessories. The company was founded by James Joseph Haverty in 1885 and is headquartered in Atlanta, GA.