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Brian Scott Smith, President of Hearth & Home Technologies, a division of HNI Corp (NYSE:HNI), recently sold a portion of his holdings in the company. According to a recent SEC filing, Smith sold 944 shares of HNI Corp’s common stock on February 21, 2025, at an average price of $49.95 per share. The total value of the transaction amounted to approximately $47,152.
Following the sale, Smith retains direct ownership of 13,171 shares. Additionally, he holds 1,499 shares indirectly through a profit-sharing retirement plan. With analysts setting price targets between $60 and $63, InvestingPro analysis suggests the stock may be undervalued at current levels. The transaction was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on May 4, 2024.
In other recent news, HNI Corp reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.87 against the forecasted $0.81. However, the company experienced a revenue shortfall, posting $642.5 million compared to the anticipated $668.08 million. The company’s operating margin reached its highest level since 2005 at 8.6%, driven by a 44% increase in operating profit from its Workplace Furnishings segment. HNI Corp anticipates double-digit non-GAAP EPS growth in 2025, despite projecting a slight revenue decline in the first quarter. Analysts noted the company’s effective cost management and strategic initiatives as key factors in its strong financial performance. As part of its outlook, HNI Corp expects revenue growth to commence in the second quarter of 2025. Furthermore, the company is focused on enhancing selling capabilities and customer experience to drive future growth.
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