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

Texas Permanent School Fund Corp raised its holdings in shares of Haverty Furniture Companies, Inc. (NYSE:HVT) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,388 shares of the company’s stock after acquiring an additional 714 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Haverty Furniture Companies were worth $313,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC grew its position 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 acquiring an additional 395 shares in the last quarter. EMC Capital Management grew its position in Haverty Furniture Companies by 10.3% in the first quarter. EMC Capital Management now owns 8,064 shares of the company’s stock worth $275,000 after acquiring an additional 750 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Haverty Furniture Companies by 1.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company’s stock worth $2,071,000 after acquiring an additional 907 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 acquiring an additional 1,034 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Haverty Furniture Companies by 10.8% in the fourth quarter. BNP Paribas Financial Markets now owns 11,359 shares of the company’s stock worth $403,000 after acquiring an additional 1,108 shares in the last quarter. 80.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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 business has a 50 day simple moving average of $27.34 and a two-hundred day simple moving average of $28.42. The firm has a market capitalization of $447.30 million, a PE ratio of 10.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share (EPS) 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 business had revenue of $178.60 million during the quarter, compared to analyst estimates of $182.37 million. Equities research analysts expect that Haverty Furniture Companies, Inc. will post 1.51 EPS for the current fiscal year.

Haverty Furniture Companies Announces Dividend

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

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.