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BlackRock Inc. acquired a new position in HNI Corporation (NYSE: HNI) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,684,086 shares of the business services provider's stock, valued at approximately $431,744,000. BlackRock Inc. owned about 14.80% of HNI as of its
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HNI is rated Buy, driven by cyclical Workplace recovery, Steelcase integration, and attractive valuation. Workplace order growth, backlog strength, and macro tailwinds signal accelerating revenue and multi-year earnings growth potential. Steelcase acquisition offers significant cost synergy upside, with cross-selling and margin expansion opportunities not fully reflected in forecasts.
MUSCATINE, Iowa, Aug. 17, 2026 (GLOBE NEWSWIRE) -- HNI Corporation (NYSE: HNI) announced today its Board of Directors declared a quarterly dividend of 35 cents per share on its common stock.
From a technical perspective, HNI Corporation (HNI) is looking like an interesting pick, as it just reached a key level of support. HNI's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
HNI NYSE: HNI reported second-quarter fiscal 2026 non-GAAP diluted earnings per share of $1.27, up 14% from a year earlier, as profit from the Steelcase acquisition, pricing and cost benefits, network optimization savings and productivity gains helped offset softer organic volumes earlier in the year.
HNI Corporation (HNI) Q2 2026 Earnings Call Transcript
HNI (HNI) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.11 per share a year ago.