Texas Permanent School Fund Corp Buys 714 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Texas Permanent School Fund Corp grew its stake in Haverty Furniture Companies, Inc. (NYSE:HVT) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,388 shares of the company’s stock after purchasing an additional 714 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of Haverty Furniture Companies worth $313,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Haverty Furniture Companies by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,565 shares of the company’s stock valued at $10,954,000 after acquiring an additional 9,064 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Haverty Furniture Companies by 10.8% during the fourth quarter. BNP Paribas Financial Markets now owns 11,359 shares of the company’s stock valued at $403,000 after acquiring an additional 1,108 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Haverty Furniture Companies by 66.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,604 shares of the company’s stock valued at $518,000 after acquiring an additional 5,847 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Haverty Furniture Companies by 1.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock valued at $2,071,000 after acquiring an additional 907 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Haverty Furniture Companies by 179.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,506 shares of the company’s stock worth $324,000 after buying an additional 6,101 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Price Performance

Shares of NYSE:HVT opened at $27.55 on Monday. Haverty Furniture Companies, Inc. has a 1 year low of $23.09 and a 1 year high of $37.05. The company has a market cap of $447.30 million, a PE ratio of 10.02, a P/E/G ratio of 1.41 and a beta of 1.45. The stock’s 50-day moving average is $27.34 and its 200 day moving average is $28.42.

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

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.65%. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 46.55%.

Analyst Upgrades and Downgrades

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

Haverty Furniture Companies Profile

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.