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HNI HNI

HNI is a leading global provider and designer of office furniture and the nation's leading manufacturer and marketer of hearth products. HNI sells the broadest and deepest selection of quality office furniture solutions available to meet the needs of every customer through an extensive portfolio of well-known and trusted brands. Its hearth products are the strongest, most respected brands in the industry and include a full array of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories.

Company profile

Ticker
HNI
Exchange
CEO
Jeffrey Lorenger
Employees
Incorporated
Location
Fiscal year end
Former names
HON INDUSTRIES INC
SEC CIK
IRS number
420617510

HNI stock data

(
)

Calendar

4 May 21
28 Jul 21
1 Jan 22
Quarter (USD)
Apr 21 Jan 21 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from HNI earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 94.28M 94.28M 94.28M 94.28M 94.28M 94.28M
Cash burn (monthly) 7.28M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 27.77M n/a n/a n/a n/a n/a
Cash remaining 66.51M n/a n/a n/a n/a n/a
Runway (months of cash) 9.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 21 Calado Miguel M Common Stock Sell Dispose S No Yes 46.5 1,527 71.01K 37,855.323
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.91 100 4.69K 47,807.183
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.87 3 140.61 47,907.183
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.81 163 7.63K 47,910.183
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.8 200 9.36K 48,073.183
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.7 100 4.67K 48,273.183
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.69 100 4.67K 48,373.183
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.68 20 933.6 48,473.183
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.54 100 4.65K 48,493.183
1 Jun 21 Larry B Porcellato Common Stock Sell Dispose S No Yes 46.49 100 4.65K 48,593.183

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

75.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 176 177 -0.6%
Opened positions 28 31 -9.7%
Closed positions 29 11 +163.6%
Increased positions 68 57 +19.3%
Reduced positions 50 59 -15.3%
13F shares
Current Prev Q Change
Total value 2.5B 1.1B +127.9%
Total shares 32.75M 31.83M +2.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 7.03M $278.15M +47.0%
State Farm Mutual Automobile Insurance 5.63M $222.68M 0.0%
Vanguard 4.56M $180.57M +15.6%
STT State Street 1.47M $58.13M +9.5%
Dimensional Fund Advisors 1.21M $47.81M -1.7%
Charles Schwab Investment Management 843.53K $33.37M -8.8%
BK Bank Of New York Mellon 768.66K $30.41M -1.5%
Geode Capital Management 705.4K $27.91M +11.3%
NTRS Northern Trust 572.31K $22.64M -15.8%
FMR 565.52K $22.37M -66.0%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 7.03M +2.25M +47.0%
FMR 565.52K -1.1M -66.0%
Vanguard 4.56M +617.03K +15.6%
Norges Bank 0 -542.45K EXIT
IVZ Invesco 529.63K +355.46K +204.1%
Lazard Asset Management 111.04K -224.07K -66.9%
Victory Capital Management 106.03K -219.88K -67.5%
PFG Principal Financial Group Inc - Registered Shares 314.18K +172.58K +121.9%
Merriman Wealth Management 0 -150.1K EXIT
Frontier Capital Management 557.28K -148.19K -21.0%

Financial report summary

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Management Discussion
  • Consolidated net sales for the first quarter of 2021 increased 3.3 percent compared to the same quarter last year. The change was driven by an increase in the residential building products segment, partially offset by a decrease in the workplace furnishings segment driven by conditions related to the COVID-19 pandemic. Included in the sales results for the current quarter was an $8.8 million favorable impact from acquiring DPG and residential building products distributors.
  • Gross profit as a percentage of net sales decreased 40 basis points in the first quarter of 2021 compared to the same quarter last year primarily driven by lower workplace furnishings volume and unfavorable price-cost, partially offset by higher residential building products volume and net productivity.
  • Selling and administrative expenses as a percentage of net sales decreased 310 basis points in the first quarter of 2021 compared to the same quarter last year due to lower core SG&A, higher residential building products volume, and freight and distribution productivity, partially offset by lower workplace furnishings volume and higher variable compensation. Included in current year quarter SG&A was $0.7 million of one-time costs from exiting workplace furnishings showrooms. The prior-year quarter included $5.0 million of one-time costs incurred as the result of the COVID-19 pandemic (of which $1.6 million was recorded as a corporate charge).
Content analysis
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Positive
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Uncertain
Constraining
Legalese
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Readability
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