HNI Co. (NYSE:HNI) Holdings Boosted by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. increased its stake in shares of HNI Co. (NYSE:HNI) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,501 shares of the business services provider’s stock after purchasing an additional 220 shares during the quarter. Contravisory Investment Management Inc.’s holdings in HNI were worth $227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HNI. CWM LLC lifted its holdings in HNI by 3.2% in the 3rd quarter. CWM LLC now owns 7,332 shares of the business services provider’s stock worth $395,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC grew its position in HNI by 51.6% during the third quarter. GAMMA Investing LLC now owns 670 shares of the business services provider’s stock worth $36,000 after buying an additional 228 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in shares of HNI by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 13,987 shares of the business services provider’s stock valued at $753,000 after purchasing an additional 287 shares during the period. Eastern Bank bought a new position in shares of HNI during the 3rd quarter worth about $27,000. Finally, Covestor Ltd lifted its stake in HNI by 219.9% during the third quarter. Covestor Ltd now owns 739 shares of the business services provider’s stock worth $40,000 after purchasing an additional 508 shares during the period. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

HNI Stock Down 0.0 %

Shares of NYSE:HNI opened at $50.43 on Friday. The company has a market capitalization of $2.41 billion, a PE ratio of 19.55, a P/E/G ratio of 1.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.09. The company’s fifty day moving average is $53.03 and its 200-day moving average is $51.89. HNI Co. has a 52 week low of $39.95 and a 52 week high of $58.42.

HNI (NYSE:HNI) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. HNI had a net margin of 4.83% and a return on equity of 19.29%. The firm had revenue of $672.20 million for the quarter, compared to analysts’ expectations of $712.75 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities research analysts predict that HNI Co. will post 2.93 earnings per share for the current fiscal year.

HNI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.32 annualized dividend and a yield of 2.62%. HNI’s dividend payout ratio (DPR) is 51.16%.

Insider Activity at HNI

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of HNI stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $56.95, for a total transaction of $113,900.00. Following the completion of the sale, the director now owns 37,880 shares of the company’s stock, valued at approximately $2,157,266. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised HNI from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st.

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.