Director Mary Bell Sells 2,898 Shares of HNI Corp (HNI)
Director Mary Bell has executed a sale of 2,898 shares of HNI Corp (NYSE:HNI) on March 15, 2024, according to a recent SEC filing. The transaction was carried out at an average price of $43.13 per share, resulting in a total value of $124,947.74.HNI Corp is a company that provides products and solutions for the home and workplace environments. It operates through multiple segments, including office furniture and hearth products. The company designs, manufactures, and markets a range of products including office furniture and fireplace inserts.Over the past year, Mary Bell has sold a total of 2,898 shares of HNI Corp and has not made any purchases of the stock. The insider transaction history for HNI Corp shows a pattern of 9 insider sells and no insider buys over the past year.
The market capitalization of HNI Corp stands at $2.043 billion as of the date of the insider's recent transaction. The stock's price-earnings ratio is 42.72, which is above both the industry median of 22.52 and the company's historical median price-earnings ratio.According to the GF Value, with a current price of $43.13 and a GuruFocus Value of $39.22, HNI Corp has a price-to-GF-Value ratio of 1.1, indicating that the stock is modestly overvalued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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