Louisiana State Employees Retirement System Acquires 300 Shares of HNI Co. (NYSE:HNI)

Louisiana State Employees Retirement System grew its holdings in HNI Co. (NYSE:HNI) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,100 shares of the business services provider’s stock after purchasing an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in HNI were worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Contravisory Investment Management Inc. increased its stake in shares of HNI by 5.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,501 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 220 shares during the last quarter. CWM LLC grew its position in HNI by 3.2% during the 3rd quarter. CWM LLC now owns 7,332 shares of the business services provider’s stock worth $395,000 after acquiring an additional 225 shares during the last quarter. Inspire Investing LLC grew its position in HNI by 3.1% during the 4th quarter. Inspire Investing LLC now owns 7,942 shares of the business services provider’s stock worth $400,000 after acquiring an additional 242 shares during the last quarter. State of Alaska Department of Revenue grew its position in HNI by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 27,168 shares of the business services provider’s stock worth $1,368,000 after acquiring an additional 267 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in HNI by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 13,987 shares of the business services provider’s stock worth $753,000 after acquiring an additional 287 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

HNI Stock Up 0.9 %

Shares of HNI stock opened at $50.03 on Monday. HNI Co. has a one year low of $40.94 and a one year high of $58.42. 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 stock’s 50-day moving average is $50.42 and its 200 day moving average is $52.11. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.13 and a beta of 0.90.

HNI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Monday, February 24th. HNI’s dividend payout ratio (DPR) is 51.16%.

Insider Buying and Selling

In related news, Director Larry B. Porcellato sold 2,000 shares of HNI stock in a transaction that occurred 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 owns 37,880 shares of the company’s stock, valued at $2,157,266. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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