Aviva PLC Has $970,000 Stock Holdings in Haverty Furniture Companies, Inc. (NYSE:HVT)

Aviva PLC trimmed its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT – Get Rating) by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,432 shares of the company’s stock after selling 25,991 shares during the period. Aviva PLC owned approximately 0.20% of Haverty Furniture Companies worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC purchased a new position in Haverty Furniture Companies during the 4th quarter valued at about $372,000. Cambridge Investment Research Advisors Inc. acquired a new position in Haverty Furniture Companies in the 4th quarter valued at approximately $218,000. State Board of Administration of Florida Retirement System lifted its position in Haverty Furniture Companies by 27.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 32,692 shares of the company’s stock worth $977,000 after buying an additional 7,056 shares in the last quarter. Gladius Capital Management LP boosted its stake in shares of Haverty Furniture Companies by 102.1% during the 4th quarter. Gladius Capital Management LP now owns 3,319 shares of the company’s stock valued at $100,000 after buying an additional 1,677 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Haverty Furniture Companies by 84.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,580 shares of the company’s stock valued at $376,000 after buying an additional 5,750 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Haverty Furniture Companies Stock Performance

Shares of NYSE HVT opened at $26.34 on Friday. The business has a 50 day simple moving average of $29.90 and a 200 day simple moving average of $31.86. Haverty Furniture Companies, Inc. has a 52 week low of $22.77 and a 52 week high of $38.85. The stock has a market cap of $425.39 million, a price-to-earnings ratio of 5.42 and a beta of 1.37.

Haverty Furniture Companies (NYSE:HVT – Get Rating) last posted its earnings results on Tuesday, February 21st. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.03). Haverty Furniture Companies had a return on equity of 29.00% and a net margin of 7.97%. The business had revenue of $280.56 million during the quarter, compared to the consensus estimate of $272.60 million. On average, analysts predict that Haverty Furniture Companies, Inc. will post 3.9 EPS for the current year.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 27th. Shareholders of record on Friday, March 10th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, March 9th. This represents a $1.12 annualized dividend and a yield of 4.25%. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 23.05%.

Insiders Place Their Bets

In other news, CEO Clarence H. Smith sold 13,880 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $34.29, for a total transaction of $475,945.20. Following the transaction, the chief executive officer now owns 34,300 shares of the company’s stock, valued at approximately $1,176,147. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Richard B. Hare sold 7,100 shares of Haverty Furniture Companies stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $32.29, for a total value of $229,259.00. Following the transaction, the chief financial officer now owns 15,878 shares of the company’s stock, valued at $512,700.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Clarence H. Smith sold 13,880 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $34.29, for a total transaction of $475,945.20. Following the sale, the chief executive officer now directly owns 34,300 shares of the company’s stock, valued at $1,176,147. The disclosure for this sale can be found here. Insiders sold 36,159 shares of company stock valued at $1,204,812 over the last quarter. Insiders own 8.89% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Haverty Furniture Companies in a report on Thursday. They set a “buy” rating for the company.

About Haverty Furniture Companies

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Haverty Furniture Cos., Inc engages in the retail of residential furniture and accessories. The company was founded by James Joseph Haverty in 1885 and is headquartered in Atlanta, GA.