Waters Parkerson & CO. LLC Acquires 3,500 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Waters Parkerson & CO. LLC raised its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 14.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,300 shares of the company’s stock after purchasing an additional 3,500 shares during the period. Waters Parkerson & CO. LLC owned 0.17% of Haverty Furniture Companies worth $716,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in Haverty Furniture Companies by 1.3% in the second quarter. Acadian Asset Management LLC now owns 31,855 shares of the company’s stock worth $804,000 after buying an additional 395 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in Haverty Furniture Companies by 6.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company’s stock valued at $313,000 after acquiring an additional 714 shares in the last quarter. EMC Capital Management boosted its stake in Haverty Furniture Companies by 10.3% during the 1st quarter. EMC Capital Management now owns 8,064 shares of the company’s stock valued at $275,000 after purchasing an additional 750 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Haverty Furniture Companies by 1.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock worth $2,071,000 after purchasing an additional 907 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Haverty Furniture Companies by 22.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock worth $140,000 after purchasing an additional 1,034 shares during the last quarter. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Stock Up 0.5 %

HVT opened at $27.43 on Friday. Haverty Furniture Companies, Inc. has a twelve month low of $23.09 and a twelve month high of $37.05. The firm has a 50 day moving average price of $27.29 and a 200-day moving average price of $28.53. The stock has a market capitalization of $445.35 million, a price-to-earnings ratio of 9.97, a PEG ratio of 1.41 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. Haverty Furniture Companies had a return on equity of 12.58% and a net margin of 4.91%. The firm had revenue of $178.60 million for the quarter, compared to analysts’ expectations of $182.37 million. As a group, analysts expect that Haverty Furniture Companies, Inc. will post 1.51 earnings per share for the current year.

Haverty Furniture Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, August 26th. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 46.55%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd.

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.