Jackson Creek Investment Advisors LLC Sells 10,752 Shares of HNI Co. (NYSE:HNI)

Jackson Creek Investment Advisors LLC decreased its position in HNI Co. (NYSE:HNI) by 31.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,829 shares of the business services provider’s stock after selling 10,752 shares during the quarter. Jackson Creek Investment Advisors LLC owned approximately 0.05% of HNI worth $997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HNI. SG Capital Management LLC purchased a new stake in shares of HNI during the 3rd quarter valued at $3,131,000. Sapient Capital LLC bought a new position in shares of HNI during the 4th quarter worth $2,515,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in HNI by 118.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,060 shares of the business services provider’s stock valued at $2,599,000 after buying an additional 40,661 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of HNI by 0.7% during the third quarter. Vanguard Group Inc. now owns 5,276,579 shares of the business services provider’s stock worth $182,728,000 after acquiring an additional 36,988 shares in the last quarter. Finally, L2 Asset Management LLC bought a new position in shares of HNI in the third quarter worth $1,251,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

HNI Price Performance

NYSE:HNI traded down $1.04 during trading hours on Tuesday, hitting $41.95. 398,961 shares of the company’s stock traded hands, compared to its average volume of 257,561. The firm has a market cap of $1.98 billion, a P/E ratio of 41.00, a P/E/G ratio of 1.21 and a beta of 0.86. The company has a quick ratio of 0.73, a current ratio of 1.16 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $43.30 and its two-hundred day simple moving average is $40.98. HNI Co. has a 52 week low of $24.81 and a 52 week high of $45.47.

HNI (NYSE:HNI) last posted its quarterly earnings data on Monday, April 29th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. HNI had a net margin of 2.03% and a return on equity of 16.97%. The firm had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $574.56 million. During the same quarter last year, the company posted $0.13 EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis. On average, research analysts anticipate that HNI Co. will post 2.93 earnings per share for the current fiscal year.

HNI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, February 26th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Friday, February 23rd. HNI’s payout ratio is presently 125.49%.

Insider Activity

In related news, Director Larry B. Porcellato sold 2,000 shares of HNI stock in a transaction on Monday, March 18th. The shares were sold at an average price of $44.00, for a total value of $88,000.00. Following the transaction, the director now directly owns 40,718 shares of the company’s stock, valued at $1,791,592. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Larry B. Porcellato sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $44.00, for a total value of $88,000.00. Following the sale, the director now directly owns 40,718 shares of the company’s stock, valued at $1,791,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vincent P. Berger sold 9,976 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $43.01, for a total value of $429,067.76. Following the transaction, the executive vice president now directly owns 67,025 shares of the company’s stock, valued at approximately $2,882,745.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,374 shares of company stock valued at $749,534. Insiders own 3.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HNI. StockNews.com cut HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 8th. Benchmark upped their target price on shares of HNI from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday.

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.