Crossmark Global Holdings Inc. Has $423,000 Stock Holdings in HNI Co. (NYSE:HNI)

Crossmark Global Holdings Inc. boosted its holdings in shares of HNI Co. (NYSE:HNI) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,865 shares of the business services provider’s stock after buying an additional 616 shares during the period. Crossmark Global Holdings Inc.’s holdings in HNI were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Eastern Bank purchased a new stake in shares of HNI in the third quarter worth approximately $27,000. Quest Partners LLC acquired a new position in HNI in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in HNI by 51.6% in the 3rd quarter. GAMMA Investing LLC now owns 670 shares of the business services provider’s stock worth $36,000 after buying an additional 228 shares in the last quarter. Covestor Ltd boosted its stake in shares of HNI by 219.9% during the 3rd quarter. Covestor Ltd now owns 739 shares of the business services provider’s stock valued at $40,000 after buying an additional 508 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of HNI by 4,746.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,181 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 2,136 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HNI news, Director Mary A. Bell sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $51.85, for a total transaction of $259,250.00. Following the completion of the sale, the director now directly owns 74,401 shares in the company, valued at $3,857,691.85. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Scott Smith sold 2,284 shares of HNI stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $54.00, for a total value of $123,336.00. Following the completion of the transaction, the insider now owns 11,902 shares in the company, valued at $642,708. The trade was a 16.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,480 shares of company stock valued at $2,041,210 over the last 90 days. 3.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on HNI. Benchmark increased their price objective on HNI from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised HNI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

HNI Stock Performance

HNI stock opened at $54.88 on Friday. The firm has a 50 day moving average of $52.77 and a two-hundred day moving average of $49.54. HNI Co. has a 12 month low of $38.55 and a 12 month high of $57.59. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 1.58 and a beta of 0.85. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.36.

HNI (NYSE:HNI) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. HNI had a net margin of 4.83% and a return on equity of 19.29%. The firm had revenue of $672.20 million during the quarter, compared to analysts’ expectations of $712.75 million. During the same period in the prior year, the company posted $0.93 earnings per share. HNI’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities analysts anticipate that HNI Co. will post 2.93 EPS for the current fiscal year.

HNI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.32 annualized dividend and a yield of 2.41%. HNI’s dividend payout ratio (DPR) is currently 51.16%.

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.