Cooke & Bieler LP Sells 174,076 Shares of HNI Corporation $HNI

Posted by George Bondi on Oct 22nd, 2026

Cooke & Bieler LP cut its holdings in shares of HNI Corporation (NYSE:HNI – Free Report) by 21.8% during the third quarter, HoldingsChannel.com reports. The fund owned 624,881 shares of the business services provider’s stock after selling 174,076 shares during the quarter. Cooke & Bieler LP’s holdings in HNI were worth $28,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of HNI. Burnham & Co LLC purchased a new stake in HNI in the 2nd quarter valued at $4,024,000. Jupiter Topco LLC acquired a new stake in HNI during the 2nd quarter worth $1,289,000. Bank of America Corp DE acquired a new stake in HNI during the 2nd quarter worth $15,724,000. Medina Value Partners LLC acquired a new stake in HNI during the 2nd quarter worth $10,242,319. Finally, Deutsche Bank AG acquired a new position in HNI in the second quarter valued at $2,994,000. 75.26% of the stock is owned by institutional investors and hedge funds.

HNI Price Performance

HNI stock opened at $45.16 on Thursday. HNI Corporation has a 12 month low of $28.93 and a 12 month high of $52.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. The business has a 50 day simple moving average of $47.46 and a 200-day simple moving average of $40.73. The stock has a market capitalization of $3.26 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93.

HNI (NYSE:HNI – Get Free Report) last issued its quarterly 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 return on equity of 13.66% and a net margin of 0.10%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $1.11 earnings per share. The company’s revenue for the quarter was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Equities analysts predict that HNI Corporation will post 4.19 earnings per share for the current year.

HNI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. HNI’s payout ratio is presently 1,555.56%.

Insider Activity

In related news, CEO Jeffrey Lorenger sold 45,850 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $47.55, for a total transaction of $2,180,167.50. Following the completion of the transaction, the chief executive officer directly owned 148,490 shares of the company’s stock, valued at $7,060,699.50. This represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 95,138 shares of company stock worth $4,648,587 in the last quarter. Insiders own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Wells Fargo & Company set a $65.00 target price on shares of HNI in a research note on Wednesday, July 15th. Wall Street Zen raised HNI from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Finally, Weiss Ratings upgraded HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, HNI currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

View Our Latest Analysis on HNI

HNI Profile

(Free Report)

HNI Corporation (NYSE:HNI), headquartered in Muscatine, Iowa, is a workplace and residential building products company. Its businesses serve organizations, businesses, education and government customers, as well as residential consumers through office furnishings and hearth products.

HNI’s workplace furnishings portfolio includes desks, tables, seating, storage, collaborative products and related workplace solutions. Its brands include HON, Allsteel, HBF and Gunlocke, among others. The company sells products through dealers, retailers, e-commerce channels and other distribution partners, primarily serving customers in North America.

Through its hearth products business, HNI manufactures fireplaces, inserts, stoves and related products fueled by gas, wood and pellets.