HNI Co. (NYSE:HNI) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of HNI Co. (NYSE:HNI) by 9.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 109,584 shares of the business services provider’s stock after acquiring an additional 9,106 shares during the period. American Century Companies Inc.’s holdings in HNI were worth $5,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of HNI by 85.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 561 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 258 shares in the last quarter. Vestcor Inc purchased a new position in HNI in the fourth quarter valued at about $176,000. Longboard Asset Management LP acquired a new stake in HNI during the 4th quarter valued at approximately $213,000. Cibc World Markets Corp purchased a new stake in HNI during the 4th quarter worth approximately $224,000. Finally, Contravisory Investment Management Inc. raised its position 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 in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Insider Transactions at HNI

In related news, insider Brian Scott Smith sold 556 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $49.90, for a total transaction of $27,744.40. Following the completion of the transaction, the insider now owns 14,394 shares in the company, valued at $718,260.60. The trade was a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.37% of the company’s stock.

HNI Stock Down 1.3 %

NYSE:HNI opened at $42.17 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.68 and a current ratio of 1.10. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.14 and a beta of 0.78. HNI Co. has a one year low of $40.78 and a one year high of $58.42. The stock has a 50-day simple moving average of $46.47 and a 200 day simple moving average of $50.56.

HNI (NYSE:HNI) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. HNI had a return on equity of 18.27% and a net margin of 5.52%. The company had revenue of $642.50 million during the quarter, compared to analyst estimates of $657.03 million. Sell-side analysts predict that HNI Co. will post 3.6 EPS for the current fiscal year.

HNI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.13%. HNI’s dividend payout ratio (DPR) is 45.67%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st.

HNI Profile

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.