HNI Corporation (HNI) reported second-quarter 2026 net sales of $1.47 billion, up 121% from the prior-year quarter, and net income of $51.1 million for the period ended July 4, 2026. GAAP diluted EPS was $0.70, down from $1.02 a year earlier.
The company said the Steelcase acquisition, net tariff impact and productivity improvements contributed to profit performance. HNI also said Workplace Furnishings orders and quarter-ending backlog each grew 5% year over year.
- GAAP net sales were $1.47 billion, compared with $667.1 million a year earlier.
- GAAP net income was $51.1 million, compared with $48.2 million attributable to HNI Corporation in the prior-year quarter.
- Workplace Furnishings net sales rose 157% to $1.3 billion, including $806.9 million from Steelcase.
- Residential Building Products net sales decreased 1.6% to $148.7 million.
- HNI expects 2026 full-year diluted non-GAAP EPS growth of 20% to 25%, including net tariff impacts.
$HNI Hedge Fund Activity
We have seen 119 institutional investors add shares of $HNI stock to their portfolio, and 155 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 4,422,538 shares (+129.6%) to their portfolio in Q1 2026, for an estimated $145,479,387
- FIFTH THIRD BANCORP removed 898,392 shares (-36.3%) from their portfolio in Q1 2026, for an estimated $29,552,604
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 720,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $23,684,400
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 343,961 shares (-78.5%) from their portfolio in Q1 2026, for an estimated $11,314,597
- GOLDMAN SACHS GROUP INC removed 327,823 shares (-43.8%) from their portfolio in Q1 2026, for an estimated $10,783,737
- BLACKROCK, INC. added 323,632 shares (+3.2%) to their portfolio in Q1 2026, for an estimated $10,645,874
- VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 259,596 shares (-58.8%) from their portfolio in Q1 2026, for an estimated $8,539,410
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
