DekaBank Deutsche Girozentrale Sells 1,172 Shares of HNI Co. (NYSE:HNI)

DekaBank Deutsche Girozentrale lessened its position in shares of HNI Co. (NYSE:HNI) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,514 shares of the business services provider’s stock after selling 1,172 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in HNI were worth $483,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Snowden Capital Advisors LLC raised its stake in shares of HNI by 3.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 11,609 shares of the business services provider’s stock worth $327,000 after acquiring an additional 387 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in HNI by 12.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,781 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 416 shares in the last quarter. Teacher Retirement System of Texas increased its stake in HNI by 1.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 28,698 shares of the business services provider’s stock valued at $994,000 after purchasing an additional 521 shares in the last quarter. Osaic Holdings Inc. increased its stake in HNI by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,536 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 570 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in HNI by 7.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,029 shares of the business services provider’s stock valued at $278,000 after purchasing an additional 586 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Insider Transactions at HNI

In other news, EVP Vincent P. Berger sold 9,976 shares of the stock in a transaction 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 sale, the executive vice president now owns 67,025 shares in the company, valued at $2,882,745.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Vincent P. Berger sold 9,976 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $43.01, for a total transaction of $429,067.76. Following the sale, the executive vice president now directly owns 67,025 shares of the company’s stock, valued at $2,882,745.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary A. Bell sold 2,898 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $43.13, for a total transaction of $124,990.74. Following the sale, the director now directly owns 76,183 shares in the company, valued at $3,285,772.79. The disclosure for this sale can be found here. Insiders have sold 17,374 shares of company stock worth $749,534 over the last 90 days. 3.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th.

HNI Trading Down 1.4 %

Shares of HNI stock opened at $41.53 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.73 and a debt-to-equity ratio of 0.57. HNI Co. has a 12-month low of $24.81 and a 12-month high of $45.47. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 1.20 and a beta of 0.86. The firm’s 50 day simple moving average is $43.34 and its two-hundred day simple moving average is $40.49.

HNI (NYSE:HNI) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The firm had revenue of $679.80 million for the quarter, compared to analyst estimates of $686.15 million. HNI had a net margin of 2.03% and a return on equity of 16.97%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. Analysts predict that HNI Co. will post 2.93 EPS for the current year.

HNI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Monday, February 26th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.08%. HNI’s payout ratio is currently 125.49%.

About HNI

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.