Nisa Investment Advisors LLC Acquires 6,000 Shares of HNI Corp (HNI)

Nisa Investment Advisors LLC grew its holdings in HNI Corp (NYSE:HNI) by 28.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,970 shares of the business services provider’s stock after buying an additional 6,000 shares during the period. Nisa Investment Advisors LLC’s holdings in HNI were worth $1,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of HNI by 6.2% in the second quarter. BlackRock Inc. now owns 4,774,388 shares of the business services provider’s stock valued at $177,607,000 after buying an additional 280,032 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of HNI by 9.2% in the first quarter. Principal Financial Group Inc. now owns 1,558,623 shares of the business services provider’s stock valued at $56,252,000 after buying an additional 131,086 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of HNI by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,289,818 shares of the business services provider’s stock valued at $47,981,000 after buying an additional 36,713 shares during the last quarter. Northern Trust Corp raised its position in shares of HNI by 2.2% in the second quarter. Northern Trust Corp now owns 699,848 shares of the business services provider’s stock valued at $26,035,000 after buying an additional 15,341 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of HNI by 27.6% in the second quarter. Wells Fargo & Company MN now owns 610,413 shares of the business services provider’s stock valued at $22,707,000 after buying an additional 131,929 shares during the last quarter. Institutional investors and hedge funds own 71.74% of the company’s stock.

In related news, Director Stanley A. Askren sold 25,212 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $42.70, for a total transaction of $1,076,552.40. Following the completion of the sale, the director now directly owns 257,336 shares in the company, valued at $10,988,247.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stanley A. Askren sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $44.03, for a total transaction of $660,450.00. Following the sale, the director now owns 247,124 shares of the company’s stock, valued at $10,880,869.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,424 shares of company stock valued at $2,810,025. 5.16% of the stock is owned by company insiders.



A number of brokerages have recently commented on HNI. ValuEngine upgraded shares of HNI from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research cut shares of HNI from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Finally, TheStreet upgraded shares of HNI from a “c+” rating to a “b-” rating in a research report on Tuesday, July 24th.

Shares of NYSE HNI opened at $37.99 on Monday. The stock has a market capitalization of $1.66 billion, a PE ratio of 19.89 and a beta of 1.39. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.45. HNI Corp has a 52 week low of $32.45 and a 52 week high of $45.40.

HNI (NYSE:HNI) last released its quarterly earnings data on Monday, October 22nd. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. HNI had a net margin of 4.23% and a return on equity of 16.11%. The firm had revenue of $611.10 million during the quarter, compared to analysts’ expectations of $618.27 million. During the same period last year, the business earned $0.82 earnings per share. HNI’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that HNI Corp will post 2.4 EPS for the current fiscal year.

HNI Company Profile

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. The company's Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, basyx by HON, Lamex, and HNI India brands.

Read More: Preferred Stock

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Institutional Ownership by Quarter for HNI (NYSE:HNI)

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