HNI Co. (NYSE:HNI) Holdings Raised by Clifford Capital Partners LLC

Clifford Capital Partners LLC increased its position in shares of HNI Co. (NYSE:HNI) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 297,236 shares of the business services provider’s stock after purchasing an additional 5,701 shares during the quarter. HNI accounts for about 3.2% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 14th largest holding. Clifford Capital Partners LLC’s holdings in HNI were worth $16,003,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of HNI by 275.3% in the 3rd quarter. FMR LLC now owns 1,836,205 shares of the business services provider’s stock worth $98,861,000 after buying an additional 1,346,999 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of HNI by 5.5% during the first quarter. Vanguard Group Inc. now owns 5,566,311 shares of the business services provider’s stock valued at $251,208,000 after purchasing an additional 287,735 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of HNI during the 2nd quarter worth approximately $2,189,000. Panagora Asset Management Inc. acquired a new position in HNI during the 2nd quarter valued at approximately $2,148,000. Finally, Intech Investment Management LLC bought a new position in HNI during the 3rd quarter worth $2,245,000. Institutional investors and hedge funds own 75.26% of the company’s stock.

HNI Stock Down 1.0 %

HNI opened at $56.90 on Wednesday. The stock’s 50 day moving average price is $53.44 and its 200 day moving average price is $50.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 0.68. The stock has a market cap of $2.72 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.64 and a beta of 0.85. HNI Co. has a 12 month low of $38.55 and a 12 month high of $58.42.

HNI (NYSE:HNI) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $672.20 million for the quarter, compared to analysts’ expectations of $712.75 million. HNI had a net margin of 4.83% and a return on equity of 19.29%. The company’s revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. As a group, research analysts predict that HNI Co. will post 2.93 earnings per share for the current year.

HNI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, November 18th. HNI’s dividend payout ratio (DPR) is presently 51.16%.

Insider Activity

In other HNI news, insider Brian Scott Smith sold 2,284 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total value of $123,336.00. Following the completion of the sale, the insider now directly owns 11,902 shares of the company’s stock, valued at approximately $642,708. This represents a 16.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.36% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of HNI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

HNI 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.