UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $890,000 Stock Position in Haverty Furniture Companies, Inc. (NYSE:HVT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,406 shares of the company’s stock after selling 1,084 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Haverty Furniture Companies worth $890,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pzena Investment Management LLC bought a new position in shares of Haverty Furniture Companies in the third quarter worth about $19,768,000. Wulff Hansen & CO. lifted its stake in Haverty Furniture Companies by 2,503.4% in the 2nd quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock valued at $14,494,000 after purchasing an additional 551,108 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Haverty Furniture Companies in the 3rd quarter valued at approximately $3,956,000. Millennium Management LLC acquired a new stake in Haverty Furniture Companies in the second quarter valued at approximately $3,161,000. Finally, American Century Companies Inc. grew its stake in shares of Haverty Furniture Companies by 19.0% during the second quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock worth $8,110,000 after buying an additional 51,302 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Friday, October 25th.

Haverty Furniture Companies Trading Down 2.4 %

NYSE:HVT opened at $21.59 on Friday. The stock’s 50-day moving average is $23.62 and its 200-day moving average is $25.60. Haverty Furniture Companies, Inc. has a 1-year low of $21.45 and a 1-year high of $37.05. The stock has a market cap of $354.25 million, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.47.

Haverty Furniture Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.93%. The ex-dividend date was Tuesday, November 26th. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 80.50%.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.