HNI Co. (NYSE:HNI) Shares Bought by Clifford Capital Partners LLC

Clifford Capital Partners LLC grew its holdings in HNI Co. (NYSE:HNI) by 2.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 297,236 shares of the business services provider’s stock after buying an additional 5,701 shares during the period. HNI accounts for approximately 3.2% of Clifford Capital Partners LLC’s portfolio, making the stock its 14th largest position. Clifford Capital Partners LLC owned about 0.62% of HNI worth $16,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of HNI by 5.5% during the first quarter. Vanguard Group Inc. now owns 5,566,311 shares of the business services provider’s stock worth $251,208,000 after acquiring an additional 287,735 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of HNI by 11.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,702 shares of the business services provider’s stock worth $257,000 after buying an additional 608 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of HNI by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,556 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 911 shares during the period. Cetera Advisors LLC boosted its stake in shares of HNI by 18.0% in the first quarter. Cetera Advisors LLC now owns 7,779 shares of the business services provider’s stock valued at $351,000 after buying an additional 1,187 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in HNI by 60.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,710 shares of the business services provider’s stock worth $392,000 after acquiring an additional 3,285 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.

HNI Price Performance

Shares of NYSE:HNI opened at $56.90 on Wednesday. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.64 and a beta of 0.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 0.68. The business’s 50 day simple moving average is $53.44 and its 200-day simple moving average is $50.14. HNI Co. has a 12 month low of $38.55 and a 12 month high of $58.42.

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

HNI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.32 annualized dividend and a yield of 2.32%. HNI’s payout ratio is 51.16%.

Analyst Ratings Changes

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

Insider Activity

In other news, insider Brian Scott Smith sold 2,284 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total transaction of $123,336.00. Following the transaction, the insider now directly owns 11,902 shares of the company’s stock, valued at approximately $642,708. The trade was a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.36% of the company’s stock.

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.