Inspire Investing LLC Has $386,000 Holdings in Haverty Furniture Companies, Inc. $HVT

Inspire Investing LLC lifted its holdings in Haverty Furniture Companies, Inc. (NYSE:HVT) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,987 shares of the company’s stock after acquiring an additional 1,556 shares during the quarter. Inspire Investing LLC owned approximately 0.12% of Haverty Furniture Companies worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. raised its position in Haverty Furniture Companies by 1,929.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,522 shares of the company’s stock worth $30,000 after purchasing an additional 1,447 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Haverty Furniture Companies by 509.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,736 shares of the company’s stock worth $74,000 after purchasing an additional 3,123 shares during the last quarter. CWM LLC raised its position in Haverty Furniture Companies by 163.0% in the 1st quarter. CWM LLC now owns 4,645 shares of the company’s stock worth $92,000 after purchasing an additional 2,879 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Haverty Furniture Companies by 7.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,898 shares of the company’s stock worth $175,000 after purchasing an additional 651 shares during the last quarter. Finally, Truist Financial Corp bought a new position in Haverty Furniture Companies in the 2nd quarter worth approximately $204,000. 80.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Rawson Haverty, Jr. sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $22.84, for a total value of $342,600.00. Following the completion of the transaction, the director owned 29,523 shares of the company’s stock, valued at $674,305.32. The trade was a 33.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 40,000 shares of company stock valued at $918,900. 8.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings cut shares of Haverty Furniture Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Haverty Furniture Companies Stock Performance

Shares of Haverty Furniture Companies stock opened at $20.15 on Friday. The firm has a fifty day moving average of $22.25 and a two-hundred day moving average of $20.83. The stock has a market capitalization of $327.84 million, a price-to-earnings ratio of 17.52, a PEG ratio of 1.51 and a beta of 1.24. Haverty Furniture Companies, Inc. has a 52 week low of $17.01 and a 52 week high of $26.10.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $181.03 million during the quarter, compared to analysts’ expectations of $177.11 million. Haverty Furniture Companies had a net margin of 2.71% and a return on equity of 6.39%. As a group, research analysts forecast that Haverty Furniture Companies, Inc. will post 0.88 EPS for the current fiscal year.

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.28 annualized dividend and a dividend yield of 6.4%. Haverty Furniture Companies’s payout ratio is 111.30%.

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.