SG Americas Securities LLC Has $1.79 Million Position in HNI Corporation $HNI

SG Americas Securities LLC increased its holdings in shares of HNI Corporation (NYSE:HNI) by 167.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,621 shares of the business services provider’s stock after buying an additional 26,683 shares during the period. SG Americas Securities LLC owned about 0.09% of HNI worth $1,792,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new position in HNI in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC lifted its holdings in shares of HNI by 59.9% during the fourth quarter. GAMMA Investing LLC now owns 1,223 shares of the business services provider’s stock worth $51,000 after purchasing an additional 458 shares during the period. Versant Capital Management Inc grew its stake in shares of HNI by 433.7% in the third quarter. Versant Capital Management Inc now owns 1,110 shares of the business services provider’s stock worth $52,000 after purchasing an additional 902 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of HNI in the third quarter worth $203,000. Finally, Equitable Trust Co. increased its holdings in HNI by 22.5% in the third quarter. Equitable Trust Co. now owns 7,520 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 1,380 shares during the period. 75.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HNI shares. Weiss Ratings lowered HNI from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. Benchmark reissued a “buy” rating on shares of HNI in a research note on Friday, January 16th. Finally, Wall Street Zen downgraded HNI from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.00.

HNI Trading Down 0.1%

Shares of HNI stock opened at $32.45 on Monday. The stock has a fifty day simple moving average of $43.47 and a 200 day simple moving average of $43.22. The company has a market capitalization of $2.31 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. The company has a current ratio of 1.24, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. HNI Corporation has a 12-month low of $32.16 and a 12-month high of $53.29.

HNI (NYSE:HNI) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.08). HNI had a net margin of 1.91% and a return on equity of 15.80%. The firm had revenue of $888.40 million for the quarter, compared to the consensus estimate of $693.78 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. On average, sell-side analysts anticipate that HNI Corporation will post 3.6 earnings per share for the current fiscal year.

HNI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, March 2nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd. HNI’s dividend payout ratio (DPR) is presently 108.80%.

HNI Company Profile

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.