HNI Corp (NYSE:HNI) Director Miguel M. Calado Sells 2,000 Shares

HNI Corp (NYSE:HNI) Director Miguel M. Calado sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the transaction, the director now owns 50,327 shares in the company, valued at $2,013,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Miguel M. Calado also recently made the following trade(s):

  • On Thursday, October 24th, Miguel M. Calado sold 159 shares of HNI stock. The stock was sold at an average price of $39.00, for a total transaction of $6,201.00.

HNI stock opened at $39.88 on Friday. The company’s 50 day simple moving average is $36.55 and its 200-day simple moving average is $34.71. The firm has a market capitalization of $1.68 billion, a PE ratio of 16.55 and a beta of 1.19. HNI Corp has a 12 month low of $29.90 and a 12 month high of $42.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.19 and a quick ratio of 0.79.

HNI (NYSE:HNI) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. The business had revenue of $625.40 million for the quarter, compared to analyst estimates of $640.30 million. HNI had a net margin of 4.27% and a return on equity of 19.43%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 earnings per share. As a group, sell-side analysts anticipate that HNI Corp will post 2.55 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $0.305 dividend. The ex-dividend date is Friday, November 15th. HNI’s dividend payout ratio is presently 50.62%.

Several research analysts have weighed in on the stock. TheStreet upgraded shares of HNI from a “c+” rating to a “b-” rating in a research report on Tuesday. Zacks Investment Research lowered shares of HNI from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, ValuEngine upgraded shares of HNI from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. HNI presently has an average rating of “Hold” and an average price target of $45.00.

Several hedge funds have recently added to or reduced their stakes in HNI. DekaBank Deutsche Girozentrale acquired a new stake in shares of HNI in the second quarter valued at approximately $35,000. Panagora Asset Management Inc. acquired a new stake in shares of HNI in the second quarter valued at approximately $38,000. Capital Investment Advisors LLC acquired a new stake in shares of HNI in the second quarter valued at approximately $60,000. Point72 Hong Kong Ltd grew its position in shares of HNI by 1,883.5% in the second quarter. Point72 Hong Kong Ltd now owns 1,924 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 1,827 shares during the last quarter. Finally, Dupont Capital Management Corp grew its position in shares of HNI by 10.2% in the third quarter. Dupont Capital Management Corp now owns 3,069 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 285 shares during the last quarter. Institutional investors and hedge funds own 70.33% of the company’s stock.

About HNI

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands.

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