UBS Asset Management Americas Inc. increased its stake in HNI Corp. (NYSE:HNI) by 28.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,489 shares of the company’s stock after buying an additional 5,390 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of HNI Corp. worth $1,139,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake in HNI Corp. by 3.1% in the second quarter. Nationwide Fund Advisors now owns 104,762 shares of the company’s stock valued at $4,870,000 after buying an additional 3,180 shares during the period. Ameriprise Financial Inc. increased its position in shares of HNI Corp. by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 112,362 shares of the company’s stock worth $5,224,000 after buying an additional 3,924 shares during the last quarter. BRC Investment Management LLC acquired a new position in shares of HNI Corp. during the second quarter worth about $788,000. TD Asset Management Inc. acquired a new position in shares of HNI Corp. during the second quarter worth about $349,000. Finally, Emerald Acquisition Ltd. acquired a new position in shares of HNI Corp. during the second quarter worth about $7,390,000. 67.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of HNI Corp. (NYSE:HNI) opened at 37.64 on Monday. HNI Corp. has a 52-week low of $29.84 and a 52-week high of $56.96. The stock has a market cap of $1.67 billion, a PE ratio of 14.98 and a beta of 1.50. The company’s 50 day moving average price is $46.40 and its 200 day moving average price is $46.44.
HNI Corp. (NYSE:HNI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. HNI Corp. had a return on equity of 26.76% and a net margin of 5.06%. On average, analysts anticipate that HNI Corp. will post $2.55 earnings per share for the current year.
A number of brokerages have recently issued reports on HNI. Zacks Investment Research downgraded HNI Corp. from a “buy” rating to a “sell” rating in a report on Wednesday, September 21st. Raymond James Financial Inc. downgraded HNI Corp. from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th.
In other HNI Corp. news, insider Donald T. Mead sold 26,343 shares of HNI Corp. stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $54.60, for a total transaction of $1,438,327.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jerald K. Dittmer sold 8,200 shares of HNI Corp. stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $55.89, for a total value of $458,298.00. Following the sale, the insider now directly owns 29,619 shares of the company’s stock, valued at approximately $1,655,405.91. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
About HNI Corp.
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.