Connor Clark & Lunn Investment Management Ltd. Invests $2.52 Million in HNI Corporation $HNI

Posted by Brian Himes on Aug 29th, 2026

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of HNI Corporation (NYSE:HNI – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 62,481 shares of the business services provider’s stock, valued at approximately $2,525,000.

Several other hedge funds have also made changes to their positions in HNI. Elevation Point Wealth Partners LLC acquired a new stake in HNI during the second quarter worth about $369,000. Burnham & Co LLC acquired a new position in HNI in the 2nd quarter valued at approximately $4,024,000. Callan Family Office LLC acquired a new position in HNI in the 2nd quarter valued at approximately $827,000. Allworth Financial LP bought a new stake in shares of HNI in the 2nd quarter worth approximately $50,000. Finally, Oxford Financial Group LTD. LLC bought a new stake in shares of HNI in the 2nd quarter worth approximately $2,574,000. Institutional investors own 75.26% of the company’s stock.

HNI Stock Down 1.9%

Shares of NYSE HNI opened at $49.03 on Friday. HNI Corporation has a 52-week low of $28.93 and a 52-week high of $52.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The business has a fifty day moving average of $43.86 and a two-hundred day moving average of $39.50. The stock has a market cap of $3.54 billion, a PE ratio of 544.84, a PEG ratio of 0.59 and a beta of 0.91.

HNI (NYSE:HNI – Get Free Report) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. The firm’s quarterly revenue was up 120.7% compared to the same quarter last year. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, equities research analysts expect that HNI Corporation will post 4.24 earnings per share for the current fiscal year.

HNI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. HNI’s dividend payout ratio (DPR) is presently 1,555.56%.

Insider Activity

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of HNI stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the transaction, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,060,699.50. The trade was a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 93,634 shares of company stock valued at $4,573,387 in the last three months. Insiders own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Wells Fargo & Company set a $65.00 price target on shares of HNI in a report on Wednesday, July 15th. Finally, Benchmark reaffirmed a “buy” rating on shares of HNI in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, HNI currently has an average rating of “Moderate Buy” and an average price target of $65.00.

Get Our Latest Research Report on HNI

HNI Company Profile

(Free Report)

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.