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Momentum Stock Watch: HNI Corporation (HNI)

-- Monday, September 24, 2018, 9:29 --

Company Profile:

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. The company’s Office Furniture segment offers a range of metal and wood commercial and home office furniture. 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 brands. It markets its products through independent dealers, distributors, and corporation-owned distribution and retail outlets. HNI Corporation was founded in 1944 and is headquartered in Muscatine, Iowa.

Recent News:

Its Board of Directors has declared a quarterly dividend of 29.5 cents per share on its common stock.
The dividend will be payable on September 4, 2018, to shareholders of record at the close of business on August 17, 2018.

The company reported sales for the second quarter ended June 30, 2018 of $543.6 million and net income of $18.6 million. GAAP net income per diluted share was $0.42 compared to $0.31 in the prior year.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HNI’s strengths can be seen in its better growth, better profitability, better solvency an better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, The RSI is strong in the bullish zone and the MACD is trying to cross back up. We rate HNI Corporation (HNI) a STRONG BUY.

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