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Last $50.35 USD
Change Today -0.89 / -1.74%
Volume 120.2K
HNI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

hni corp (HNI) Snapshot

Open
$51.44
Previous Close
$51.24
Day High
$51.63
Day Low
$50.11
52 Week High
04/22/15 - $57.74
52 Week Low
08/4/14 - $34.62
Market Cap
2.2B
Average Volume 10 Days
162.0K
EPS TTM
$1.86
Shares Outstanding
44.5M
EX-Date
05/13/15
P/E TM
27.0x
Dividend
$1.06
Dividend Yield
2.02%
Current Stock Chart for HNI CORP (HNI)

hni corp (HNI) Related Businessweek News

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hni corp (HNI) Details

HNI Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of office furniture and hearth products primarily in the United States, Canada, China, Hong Kong, India, and Taiwan. The company’s Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, Paoli, HBF, artcobell, Midwest Folding Products, American Desk, basyx, Lamex, and ERGO brands, as well as under private labels. This segment sells its products through independent, local office furniture, and office products dealers; national office product distributors; selling relationships with the end-users; wholesalers; and direct sales to federal, state, and local government offices. The Hearth Products segment provides various gas, electric, wood, and biomass burning fireplaces; inserts; stoves; facings; and accessories, primarily for the home under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman Stove, Vermont Castings, and PelPro brand names. This segment markets its products through dealers and distributors, as well as through company-owned distribution and retail outlets. HNI Corporation was founded in 1944 and is headquartered in Muscatine, Iowa.

10,400 Employees
Last Reported Date: 02/27/15
Founded in 1944

hni corp (HNI) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $1.1M
Chief Financial Officer and Vice President
Total Annual Compensation: $415.0K
Executive Vice President and President of HON...
Total Annual Compensation: $474.8K
Executive Vice President and President of HNI...
Total Annual Compensation: $433.7K
Executive Vice President and President of Hea...
Total Annual Compensation: $430.8K
Compensation as of Fiscal Year 2014.

hni corp (HNI) Key Developments

HNI Corporation Announces Amendment and Restatement of Existing Revolving Credit Facility

HNI Corporation has amended its credit facility to reduce the interest rate, increase its maximum consolidated leverage ratio and extend the term of its credit facility. The Corporation, certain domestic subsidiaries of the Corporation, the lenders and Wells Fargo Bank, National Association, as administrative agent, entered into a Second Amended and Restated Credit Agreement on June 9, 2015. The Credit Agreement amends and restates the Amended and Restated Credit Agreement, dated as of September 28, 2011. Under the Credit Agreement, the Corporation maintained its borrowing capacity of $250,000,000 and has the option to increase its borrowing capacity by an additional $150,000,000, up from $100,000,000 under the Existing Facility. The Corporation also extended the term to the earlier of (i) June 9, 2020 or (ii) a date 90 days prior to the maturity date of the Corporation's senior notes (April 6, 2016), subject to certain exceptions.

HNI Corporation Appoints Abbie J. Smith as Lead Director, Effective May 5, 2015

On May 5, 2015, the board of directors of HNI Corporation elected Abbie J. Smith, as lead director of the corporation for a term of one year, commencing May 5, 2015, or until her replacement is elected. Ms. Smith currently is a member of the Public Policy and Corporate Governance Committee of the Board, served, during the past year, as lead director and has been a director of the corporation since 2000.

HNI Corporation Increases Quarterly Dividend, Payable on May 29, 2015

HNI Corporation announced its Board of Directors approved a 6% increase in its quarterly dividend to 26.5 cents per share on its common stock. The dividend will be payable on May 29, 2015, to shareholders of record at the close of business on May 15, 2015.

 

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Industry Analysis

HNI

Industry Average

Valuation HNI Industry Range
Price/Earnings 38.9x
Price/Sales 1.0x
Price/Book 5.2x
Price/Cash Flow 32.3x
TEV/Sales 0.8x
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