Mirae Asset Global Investments Co. Ltd. Purchases 743 Shares of HNI Co. (NYSE:HNI)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of HNI Co. (NYSE:HNI) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,056 shares of the business services provider’s stock after purchasing an additional 743 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in HNI were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System boosted its position in shares of HNI by 3.7% during the fourth quarter. New York State Teachers Retirement System now owns 85,937 shares of the business services provider’s stock valued at $3,595,000 after purchasing an additional 3,027 shares in the last quarter. Carlson Capital Management bought a new stake in shares of HNI during the fourth quarter valued at approximately $228,000. Vanguard Group Inc. boosted its position in shares of HNI by 0.7% during the third quarter. Vanguard Group Inc. now owns 5,276,579 shares of the business services provider’s stock valued at $182,728,000 after purchasing an additional 36,988 shares in the last quarter. OLD National Bancorp IN bought a new stake in shares of HNI during the third quarter valued at approximately $223,000. Finally, Advisors Asset Management Inc. boosted its position in shares of HNI by 14.3% during the third quarter. Advisors Asset Management Inc. now owns 267,372 shares of the business services provider’s stock valued at $9,259,000 after purchasing an additional 33,528 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HNI

In other news, Director Mary A. Bell sold 2,898 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $43.13, for a total value of $124,990.74. Following the completion of the transaction, the director now owns 76,183 shares in the company, valued at $3,285,772.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Larry B. Porcellato sold 2,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $44.00, for a total value of $88,000.00. Following the completion of the transaction, the director now owns 40,718 shares in the company, valued at $1,791,592. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary A. Bell sold 2,898 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $43.13, for a total value of $124,990.74. Following the completion of the transaction, the director now owns 76,183 shares of the company’s stock, valued at approximately $3,285,772.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,374 shares of company stock worth $749,534. 3.36% of the stock is owned by insiders.

HNI Stock Up 1.2 %

Shares of NYSE:HNI opened at $43.33 on Wednesday. The stock has a fifty day simple moving average of $43.32 and a two-hundred day simple moving average of $40.74. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 1.20 and a beta of 0.86. HNI Co. has a 12-month low of $24.81 and a 12-month high of $45.47. 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 (NYSE:HNI) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $679.80 million during the quarter, compared to analysts’ expectations of $686.15 million. HNI had a return on equity of 16.97% and a net margin of 2.03%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, research analysts anticipate that HNI Co. will post 2.93 earnings per share for the current fiscal year.

HNI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, February 23rd. HNI’s payout ratio is 125.49%.

Wall Street Analyst Weigh In

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

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.