2 weeks Ago By Defense World Staff
Geode Capital Management LLC increased its holdings in HNI Co. ( NYSE:HNI – Free Report ) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 1,091,498 shares of the business services provider’s stock after purchasing an additional 6,668 shares during the quarter. Geode Capital Management LLC owned approximately 2.28% of HNI worth $54,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. bought a new stake in shares of HNI in the 4th quarter worth approximately $69,253,000.
Norges Bank purchased a new position in HNI during the 4th quarter valued at $7,076,000. Bank of New York Mellon Corp lifted its position in shares of HNI by 20.1% in the 4th quarter.
Bank of New York Mellon Corp now owns 628,272 shares of the business services provider’s stock worth $31,646,000 after purchasing an additional 105,034 shares during the period. Barclays PLC boosted its stake in shares of HNI by 216.7% during the 3rd quarter.
Barclays PLC now owns 93,131 shares of the business services provider’s stock valued at $5,015,000 after purchasing an additional 63,724 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of HNI by 1.
1% during the fourth quarter. Vanguard Group Inc. now owns 5,718,014 shares of the business services provider’s stock valued at $288,016,000 after buying an additional 62,476 shares during the period.
Hedge funds and other institutional investors own 75.26% of the company’s stock. Analyst Upgrades and Downgrades Separately, StockNews.
com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Insider Activity at HNI In related news, insider Brian Scott Smith sold 556 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $49.
90, for a total transaction of $27,744.40. Following the sale, the insider now directly owns 14,394 shares of the company’s stock, valued at approximately $718,260.
60. This represents a 3.72 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . 3.37% of the stock is owned by corporate insiders.
HNI Price Performance Shares of HNI stock opened at $42.14 on Monday. The business’s fifty day moving average is $45.
35 and its 200 day moving average is $50.02. The company has a quick ratio of 0.
68, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.
The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.
14 and a beta of 0.78. HNI Co.
has a twelve month low of $39.76 and a twelve month high of $58.42.
HNI ( NYSE:HNI – Get Free Report ) last released its earnings results on Thursday, February 20th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
74 by $0.13. HNI had a net margin of 5.
52% and a return on equity of 18.27%. The firm had revenue of $642.
50 million for the quarter, compared to the consensus estimate of $657.03 million. Research analysts expect that HNI Co.
will post 3.6 EPS for the current fiscal year. HNI Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th.
Stockholders of record on Monday, February 24th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 24th.
This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.13%.
HNI’s dividend payout ratio is currently 45.67%. About HNI ( Free Report ) 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.
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