Metropolitan Life Insurance Co NY Sells 479 Shares of HNI Corp (NYSE:HNI)

Metropolitan Life Insurance Co NY decreased its holdings in shares of HNI Corp (NYSE:HNI) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,124 shares of the business services provider’s stock after selling 479 shares during the period. Metropolitan Life Insurance Co NY owned approximately 0.06% of HNI worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. New York State Common Retirement Fund boosted its position in shares of HNI by 52.6% during the 4th quarter. New York State Common Retirement Fund now owns 148,200 shares of the business services provider’s stock valued at $5,251,000 after purchasing an additional 51,100 shares in the last quarter. Stone Ridge Asset Management LLC boosted its position in shares of HNI by 62.7% during the 4th quarter. Stone Ridge Asset Management LLC now owns 37,850 shares of the business services provider’s stock valued at $1,341,000 after purchasing an additional 14,591 shares in the last quarter. Bank of Montreal Can boosted its position in shares of HNI by 19.1% during the 4th quarter. Bank of Montreal Can now owns 5,052 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 811 shares in the last quarter. Hancock Whitney Corp bought a new position in shares of HNI during the 4th quarter valued at about $1,525,000. Finally, JPMorgan Chase & Co. boosted its position in shares of HNI by 39.3% during the 1st quarter. JPMorgan Chase & Co. now owns 162,272 shares of the business services provider’s stock valued at $5,889,000 after purchasing an additional 45,758 shares in the last quarter. Institutional investors own 70.31% of the company’s stock.

Several research analysts have commented on the stock. TheStreet upgraded shares of Secureworks from a “d+” rating to a “c-” rating in a report on Monday, April 22nd. Sidoti set a $45.00 target price on shares of HNI and gave the stock a “hold” rating in a report on Friday, May 31st. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of Catasys from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price of $45.00.

Shares of HNI stock traded up $0.30 during trading on Thursday, hitting $34.79. 196,155 shares of the company were exchanged, compared to its average volume of 206,753. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.30 and a quick ratio of 0.84. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 14.44 and a beta of 1.25. The business’s 50-day moving average is $34.74. HNI Corp has a twelve month low of $32.79 and a twelve month high of $45.40.

HNI (NYSE:HNI) last released its quarterly earnings results on Monday, April 22nd. The business services provider reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. HNI had a net margin of 4.12% and a return on equity of 18.89%. The company had revenue of $479.50 million for the quarter, compared to analyst estimates of $485.33 million. During the same quarter last year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities analysts predict that HNI Corp will post 2.67 earnings per share for the current year.

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.

Read More: Futures Contract

Institutional Ownership by Quarter for HNI (NYSE:HNI)

Receive News & Ratings for HNI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HNI and related companies with MarketBeat.com's FREE daily email newsletter.