Petrus Trust Company LTA Invests $676,000 in Haverty Furniture Companies, Inc. (NYSE:HVT)

Petrus Trust Company LTA acquired a new position in Haverty Furniture Companies, Inc. (NYSE:HVT) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 24,599 shares of the company’s stock, valued at approximately $676,000. Petrus Trust Company LTA owned 0.15% of Haverty Furniture Companies at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in shares of Haverty Furniture Companies by 1.3% in the 2nd quarter. Acadian Asset Management LLC now owns 31,855 shares of the company’s stock worth $804,000 after purchasing an additional 395 shares during the period. Wulff Hansen & CO. raised its holdings in shares of Haverty Furniture Companies by 2.9% during the 2nd quarter. Wulff Hansen & CO. now owns 22,662 shares of the company’s stock valued at $573,000 after buying an additional 648 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of Haverty Furniture Companies by 6.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company’s stock valued at $313,000 after buying an additional 714 shares during the period. Koss Olinger Consulting LLC raised its holdings in shares of Haverty Furniture Companies by 7.0% during the 3rd quarter. Koss Olinger Consulting LLC now owns 15,244 shares of the company’s stock valued at $419,000 after buying an additional 991 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Haverty Furniture Companies by 22.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the company’s stock valued at $140,000 after buying an additional 1,034 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT opened at $23.26 on Thursday. The company has a market cap of $381.70 million, a P/E ratio of 14.63, a PEG ratio of 2.14 and a beta of 1.47. Haverty Furniture Companies, Inc. has a one year low of $21.61 and a one year high of $37.05. The business’s 50-day simple moving average is $24.31 and its 200 day simple moving average is $25.93.

Haverty Furniture Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.28 dividend on an annualized basis and a yield of 5.50%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 80.50%.

Analysts Set New Price Targets

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

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.