In a recent move that has caught the attention of investors, Jeffrey D. Lorenger, President and CEO of HNI Corp (NYSE:HNI), has sold a significant amount of company stock. The transactions, dated August 12, 2024, involved the sale of HNI Corp shares with a total value exceeding $3.5 million.
MUSCATINE, Iowa, August 01, 2024—HNI Corporation (NYSE: HNI) today announced the installation of solar energy systems at two strategic manufacturing locations. These solar projects underscore HNI’s proactive approach toward environmental responsibility, sustainability, and combating climate change.
MUSCATINE, Iowa — HNI Corp. has elected David Roberts to the corporation’s board of directors.
Muscatine, IA – In a recent filing with the Securities and Exchange Commission, HNI Corp (NYSE:HNI) reported that its Senior Vice President & Chief Financial Officer, Marshall H. Bridges, engaged in significant trading of company stock. The transactions, which occurred on June 5th and 6th, included both acquisitions and disposals of shares.
MADISON, Wis., May 27, 2024 /PRNewswire/ — Madison Liquidators, an online leader in providing high-quality office furniture solutions, is proud to announce its newest partnership with Ghent, a renowned manufacturer of premium magnetic dry-erase whiteboards and visual communication tools for more than 40 years. This collaboration marks a significant step forward in enhancing Madison Liquidators’ whiteboard offerings and ability to deliver innovative solutions to its customers.
HICKORY, N.C. – Office and contract furniture giant HNI Corp. will shut down its Hickory, N.C., plant early next year, laying off 200 production and operations workers. The move is part of an effort to consolidate operations across other North American facilities, as well as to save costs.
MUSCATINE, Iowa – Office and contract furniture giant HNI reported $588 million in first quarter sales, a 22.7% increase over the same period last year. Just like last quarter, however, it should be noted a bulk of this increase is due to HNI’s purchase of competing contract furniture giant Kimball in March of last year. When looking at organic sales without Kimball, sales fell 8.1%.
Fintel reports that on August 9, 2023, Benchmark maintained coverage of HNI (NYSE:HNI) with a Buy recommendation.
Analyst Price Forecast Suggests 22.72% Upside
As of August 2, 2023, the average one-year price target for HNI is 35.70. The forecasts range from a low of 34.34 to a high of $37.80. The average price target represents an increase of 22.72% from its latest reported closing price of 29.09.
In a surprising turn of events, research analysts at StockNews.com have chosen to downgrade their rating on HNI Corporation (NYSE:HNI) from a “buy” to a “hold.” The news, which was issued to investors on Sunday, has left many wondering about the implications for the future of this well-known furniture manufacturer.
Comerica Bank trimmed its position in shares of HNI Co. (NYSE:HNI) by 11.7% during the third quarter, HoldingsChannel reports. The firm owned 31,754 shares of the business services provider’s stock after selling 4,220 shares during the quarter. Comerica Bank’s holdings in HNI were worth $899,000 at the end of the most recent quarter.
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