HNI Corporation (HNI) Powers Ahead with Steelcase Deal and Analyst Confidence

HNI Corporation (NYSE:HNI) is one of the champion inexpensive stocks to bargain for 2026. On January 16, Benchmark Co. lifted its terms people for HNI Corporation (NYSE:HNI) to $75 per stock from $60. The steadfast continued to delegate the banal a Buy recommendation.

The revision came successful the discourse of HNI Corp’s announcement successful August 2025 regarding its planned acquisition of Steelcase Inc., a transaction carrying an endeavor worth of astir $2.2 billion. The analyst’s appraisal referenced absorption projections indicating the merger would output yearly outgo synergies totaling astir $120 cardinal erstwhile integration is complete. Benchmark besides incorporated guidance suggesting the transaction would adhd betwixt $0.50 and $0.60 to HNI’s net per stock by fiscal twelvemonth 2027.

At the aforesaid time, Benchmark selected HNI arsenic a apical prime for 2026, pointing retired that the banal is priced beneath its emblematic humanities values. The steadfast stated that determination are clearer prospects for nett maturation successful a marketplace that seems to beryllium bottoming out. Benchmark besides observed that HNI’s shares person a price-to-earnings ratio of 13.35, and the institution has consistently paid dividends implicit 55 years.

Independent of the expert action, connected January 8, HNI announced plans to unopen down its manufacturing installation successful Wayland, New York, by 2027. This determination volition impact astir 135 jobs astatine the site. The installation has served arsenic the accumulation hub for Gunlocke, HNI’s wood furnishings marque focused connected workplace furnishings, since the institution acquired the cognition successful 1989, though the works itself dates backmost to 1902 erstwhile the W. H. Gunlocke Chair Company archetypal opened its doors.

HNI stated that products presently made astatine the works volition proceed to beryllium produced elsewhere with nary anticipated changes to the merchandise lineup oregon prime standards. And the institution estimated that yearly outgo savings from the consolidation volition beryllium astir $7.5 cardinal to $8 cardinal erstwhile afloat implemented.

HNI Corporation (NYSE:HNI) manufactures workplace furnishings and residential gathering products. Its workplace conception includes furnishings systems, seating, storage, and architectural products sold to offices, institutions, and hospitality clients. The residential gathering conception produces gas, wood, and electrical fireplaces, stoves, and outdoor occurrence pits distributed done dealers, retailers, and eCommerce platforms.

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