UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in HNI Co. (NYSE:HNI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in HNI Co. (NYSE:HNI) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,474 shares of the business services provider’s stock after selling 1,510 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of HNI worth $6,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HNI. FMR LLC grew its stake in HNI by 275.3% in the third quarter. FMR LLC now owns 1,836,205 shares of the business services provider’s stock worth $98,861,000 after purchasing an additional 1,346,999 shares during the period. Hantz Financial Services Inc. purchased a new stake in HNI in the second quarter worth $2,189,000. Panagora Asset Management Inc. purchased a new stake in HNI in the second quarter worth $2,148,000. Intech Investment Management LLC purchased a new stake in HNI in the third quarter worth $2,245,000. Finally, Clifford Capital Partners LLC grew its stake in shares of HNI by 14.6% in the second quarter. Clifford Capital Partners LLC now owns 291,535 shares of the business services provider’s stock worth $13,125,000 after acquiring an additional 37,155 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Larry B. Porcellato sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $56.95, for a total transaction of $113,900.00. Following the transaction, the director now directly owns 37,880 shares of the company’s stock, valued at $2,157,266. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian Scott Smith sold 2,284 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $54.00, for a total value of $123,336.00. Following the completion of the transaction, the insider now directly owns 11,902 shares in the company, valued at approximately $642,708. This represents a 16.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.36% of the company’s stock.

HNI Trading Down 1.8 %

NYSE HNI opened at $55.34 on Wednesday. HNI Co. has a 12 month low of $39.44 and a 12 month high of $58.42. The stock has a market cap of $2.65 billion, a P/E ratio of 21.45, a P/E/G ratio of 1.59 and a beta of 0.88. The stock’s fifty day moving average price is $54.15 and its 200-day moving average price is $50.89. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 0.36.

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

HNI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Monday, November 18th. HNI’s payout ratio is currently 51.16%.

Analyst Ratings Changes

Separately, StockNews.com raised HNI from a “buy” rating to a “strong-buy” rating in a research note 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.