Institutional Investors Are Buying Hni Corp (NYSE:HNI)

May 17, 2018 - By Alfred Lee

HNI Corporation (NYSE:HNI) Logo

Sentiment for Hni Corp (NYSE:HNI)

Hni Corp (NYSE:HNI) institutional sentiment increased to 1.37 in Q4 2017. Its up 0.22, from 1.15 in 2017Q3. The ratio has increased, as 81 investment professionals started new and increased positions, while 59 reduced and sold their stock positions in Hni Corp. The investment professionals in our partner’s database reported: 30.16 million shares, down from 30.37 million shares in 2017Q3. Also, the number of investment professionals holding Hni Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 47 Increased: 49 New Position: 32.

HNI Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of office furniture and hearth products primarily in the United States, Canada, China, Hong Kong, India, and Taiwan. The company has market cap of $1.61 billion. The companyÂ’s Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, Paoli, HBF, OFM, basyx by HON, ERGOTM, and Lamex brands, as well as under private labels. It has a 18.52 P/E ratio. This segment sells its products through independent and local office products dealers; national office product distributors; selling relationships with the end-users; wholesalers; and direct sales to federal, state, and local government offices.

The stock increased 1.22% or $0.44 during the last trading session, reaching $37.05. About 58,612 shares traded. HNI Corporation (NYSE:HNI) has declined 22.88% since May 17, 2017 and is downtrending. It has underperformed by 34.43% the S&P500.

Analysts await HNI Corporation (NYSE:HNI) to report earnings on July, 23. They expect $0.34 earnings per share, down 19.05 % or $0.08 from last year’s $0.42 per share. HNI’s profit will be $14.80M for 27.24 P/E if the $0.34 EPS becomes a reality. After $0.10 actual earnings per share reported by HNI Corporation for the previous quarter, Wall Street now forecasts 240.00 % EPS growth.

Merriman Wealth Management Llc holds 0.94% of its portfolio in HNI Corporation for 100,000 shares. Deprince Race & Zollo Inc owns 964,371 shares or 0.83% of their US portfolio. Moreover, Parametrica Management Ltd has 0.4% invested in the company for 16,561 shares. The Illinois-based State Farm Mutual Automobile Insurance Co has invested 0.36% in the stock. Zebra Capital Management Llc, a Connecticut-based fund reported 27,375 shares.

Since January 1, 0001, it had 0 insider buys, and 22 insider sales for $6.02 million activity.

More recent HNI Corporation (NYSE:HNI) news were published by: Seekingalpha.com which released: “HNI Corporation 2018 Q1 – Results – Earnings Call Slides” on May 01, 2018. Also Seekingalpha.com published the news titled: “HNI’s (HNI) CEO Stan Askren on Q1 2018 Results – Earnings Call Transcript” on May 01, 2018. Prnewswire.com‘s news article titled: “HNI Corporation Increases Quarterly Dividend” with publication date: May 08, 2018 was also an interesting one.

HNI Corporation (NYSE:HNI) Institutional Positions Chart

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