Oxford Financial Group LTD. LLC Raises Stake in HNI Co. (NYSE:HNI)

Oxford Financial Group LTD. LLC boosted its position in HNI Co. (NYSE:HNI) by 58.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,867 shares of the business services provider’s stock after buying an additional 19,032 shares during the period. Oxford Financial Group LTD. LLC owned approximately 0.11% of HNI worth $2,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in HNI in the fourth quarter valued at approximately $1,347,000. Intrinsic Edge Capital Management LLC purchased a new position in shares of HNI during the 4th quarter valued at approximately $3,906,000. Vanguard Group Inc. lifted its position in shares of HNI by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,276,579 shares of the business services provider’s stock valued at $182,728,000 after buying an additional 36,988 shares in the last quarter. Norges Bank purchased a new position in shares of HNI during the 4th quarter valued at approximately $13,368,000. Finally, KBC Group NV lifted its position in shares of HNI by 18.7% during the 4th quarter. KBC Group NV now owns 8,873 shares of the business services provider’s stock valued at $371,000 after buying an additional 1,397 shares in the last quarter. 75.26% of the stock is owned by institutional investors and hedge funds.

HNI Trading Down 2.3 %

Shares of HNI stock opened at $43.32 on Friday. The stock’s fifty day moving average is $44.18 and its two-hundred day moving average is $42.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 1.29. The firm has a market capitalization of $2.05 billion, a P/E ratio of 32.09, a PEG ratio of 1.19 and a beta of 0.88. HNI Co. has a fifty-two week low of $26.11 and a fifty-two week high of $47.60.

HNI (NYSE:HNI) last announced its quarterly earnings data on Monday, April 29th. The business services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. The company had revenue of $588.00 million for the quarter, compared to analyst estimates of $574.56 million. HNI had a return on equity of 17.75% and a net margin of 2.57%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Research analysts expect that HNI Co. will post 3.1 earnings per share for the current fiscal year.

HNI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Friday, May 24th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 3.05%. This is a positive change from HNI’s previous quarterly dividend of $0.32. HNI’s dividend payout ratio (DPR) is presently 97.78%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HNI. StockNews.com lowered HNI from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 8th. Benchmark increased their target price on HNI from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th.

Insiders Place Their Bets

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $44.00, for a total value of $88,000.00. Following the completion of the sale, the director now directly owns 40,718 shares of the company’s stock, valued at approximately $1,791,592. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $44.00, for a total value of $88,000.00. Following the completion of the sale, the director now directly owns 40,718 shares of the company’s stock, valued at approximately $1,791,592. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marshall H. Bridges sold 8,551 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $45.50, for a total value of $389,070.50. Following the completion of the sale, the chief financial officer now directly owns 76,674 shares of the company’s stock, valued at $3,488,667. The disclosure for this sale can be found here. Insiders sold 22,349 shares of company stock valued at $1,019,479 in the last three months. 3.36% of the stock is currently owned by insiders.

HNI Profile

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.