First Trust Advisors LP Has $9.02 Million Stock Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

First Trust Advisors LP grew its stake in Haverty Furniture Companies, Inc. (NYSE:HVT – Get Rating) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 362,289 shares of the company’s stock after buying an additional 32,926 shares during the quarter. First Trust Advisors LP owned 2.24% of Haverty Furniture Companies worth $9,021,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Mutual of America Capital Management LLC boosted its stake in Haverty Furniture Companies by 14.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 2,666 shares of the company’s stock worth $66,000 after purchasing an additional 335 shares during the period. Barclays PLC grew its holdings in shares of Haverty Furniture Companies by 2.9% during the third quarter. Barclays PLC now owns 12,669 shares of the company’s stock worth $315,000 after buying an additional 363 shares in the last quarter. Credit Suisse AG raised its position in Haverty Furniture Companies by 4.4% in the 3rd quarter. Credit Suisse AG now owns 11,419 shares of the company’s stock valued at $284,000 after buying an additional 484 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Haverty Furniture Companies by 3.7% in the 1st quarter. Yousif Capital Management LLC now owns 13,998 shares of the company’s stock valued at $384,000 after acquiring an additional 505 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Haverty Furniture Companies by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 44,840 shares of the company’s stock worth $1,039,000 after acquiring an additional 892 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In other news, CFO Richard B. Hare sold 7,100 shares of Haverty Furniture Companies stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $32.29, for a total value of $229,259.00. Following the completion of the transaction, the chief financial officer now owns 15,878 shares of the company’s stock, valued at approximately $512,700.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Haverty Furniture Companies news, VP John Linwood Gill sold 3,612 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $37.51, for a total transaction of $135,486.12. Following the completion of the sale, the vice president now owns 11,039 shares of the company’s stock, valued at approximately $414,072.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard B. Hare sold 7,100 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $32.29, for a total transaction of $229,259.00. Following the completion of the transaction, the chief financial officer now directly owns 15,878 shares in the company, valued at $512,700.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,001 shares of company stock worth $1,069,260. Insiders own 7.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 22nd.

Haverty Furniture Companies Stock Down 1.1 %

HVT stock opened at $32.17 on Monday. The company has a market cap of $519.48 million, a price-to-earnings ratio of 6.15 and a beta of 1.41. Haverty Furniture Companies, Inc. has a twelve month low of $22.77 and a twelve month high of $38.85. The business has a 50 day moving average price of $34.57 and a two-hundred day moving average price of $30.66.

Haverty Furniture Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Friday, March 10th will be paid a $0.28 dividend. The ex-dividend date is Thursday, March 9th. This represents a $1.12 annualized dividend and a dividend yield of 3.48%. Haverty Furniture Companies’s dividend payout ratio is presently 21.41%.

About Haverty Furniture Companies

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Haverty Furniture Cos., Inc operates as a specialty retailer of residential furniture and accessories. It provides a selection of products and styles and various brands carried furniture. The firm offers the bedding product lines, which include sealy, serta, stearns, foster and tempur pedic. It also provides financing through an internal revolving charge credit plan, as well as a third party finance company.