The stock is trading at $42.29 just above the 50 day moving average of $40.06 and a bit higher than the 200 day moving average of $40.65. The 50 day moving average moved up $2.23 whereas the 200 day average was up by +4.02%. (NYSE:HNI) shares saw heavy trading volume with 219K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 28.79% over the normal average daily volume.
Investors are feeling more bullish on shares of the company if you pay attention to the fall in short interest. The firm saw a fall in short interest between September 15, 2017 and September 29, 2017 of -11.66%. Short shares decreased 198,986 over that period. With short interest at 1,507,374 and short average daily volume at 207,767, days to cover is 7.0 and the percentage of shorted shares is 0.03% as of September 29.
There has been some selling insider activity on HNI Corporation (NYSE:HNI) recently. Stanley A. Askren, Chairman let go of $509,040 worth of shares at an average price of $42.42 on October 17th. Askren now owns $8,733,951 of stock per an SEC filing yesterday. Stanley A. Askren, Chairman reported the sale of 12,000 shares of HNI stock. The shares were sold on August 31st for an average price of $36.44. Askren now owns $7,470,043 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (HNI). As of quarter end Quadrant Capital Group LLC had acquired 10 shares growing its stake by 25.6%. The value of the total investment in HNI Corporation went from $0 to $2,000 a change of inf% since the last quarter. Bank Of Montreal /can/ bolstered its holdings by buying 342 shares an increase of 59.1% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ currently owns 921 shares valued at $38,000. The total value of its holdings increased 65.2%.
As of the end of the quarter Mutual Of America Capital Management LLC had sold a total of 1,769 shares trimming its holdings by 4.8%. The value of the investment in HNI Corporation decreased from $1,482,000 to $1,468,000 decreasing 0.9% quarter over quarter. As of quarter end State Treasurer State Of Michigan had disposed of 1,600 shares trimming its position 8.8%. The value in dollars decreased from $723,000 to $686,000 a change of $37,000 for the reporting period.
The company is down since yesterday’s close of 42.86. Additionally HNI Corporation recently declared a dividend that was paid on Friday the 1st of September 2017. The dividend was $0.285 per share for the quarter or $1.14 annualized. The dividend yield was $2.66. The ex-dividend date was set for Wednesday the 16th of August 2017.
The company’s P/E ratio is 30.38 and the market value is 1.86B. As of the latest earnings report the EPS was $1.39 and is projected to be $2.45 for the current year with 44,055,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.96 and the next full year EPS is anticipated to be $2.98.
HNI Corporation, launched on January 10, 1944, is a provider of office furniture and hearth products. The Business’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Business’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products. The hearth products segment manufactures and markets a line of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories, principally for the home. The Business’s products are sold primarily through a national system of dealers, wholesalers and office product distributors but also directly to end user customers, and federal, state and local governments..