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Principale » Herman Miller, Inc. (NASDAQ:MLHR) Sees Significantly Lower Trading Volume

Herman Miller, Inc. (NASDAQ:MLHR) Sees Significantly Lower Trading Volume

26 Juillet 2017

Sidoti assumed coverage on shares of Herman Miller, Inc. Institutional investors own 84.26% of the company's stock. Legal & General Group Plc owned about 0.07% of Herman Miller worth $1,323,000 as of its most recent SEC filing. Nationwide Fund Advisors now owns 456,710 shares of the business services provider's stock worth $14,409,000 after buying an additional 42,645 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Herman Miller by 5.1% in the first quarter. UBS Asset Management Americas Inc. now owns 29,571 shares of the business services provider's stock worth $933,000 after buying an additional 10,207 shares during the last quarter. First Bank & Trust raised its position in Herman Miller by 13.2% in the first quarter. Public Employees Retirement System of OH has an ownership of 3,895 stocks of the firm services provider's shares valued at $123,000 after scooping up an extra 181 stocks in the previous period. Glen Harbor Capital Management LLC now owns 4,182 shares of the business services provider's stock valued at $132,000 after buying an additional 204 shares during the last quarter. Forward Management LLC raised its stake in Herman Miller by 3.1% in the first quarter. Forward Management has an ownership of 4,623 stocks of the firm services provider's shares valued at $146,000 after scooping up an extra 138 stocks in the previous period. Finally, Ronald Blue & Co. Van Berkom & Associates Inc. raised its position in shares of Herman Miller by 23.6% in the second quarter. LLC now owns 6,696 shares of the business services provider's stock worth $211,000 after buying an additional 294 shares during the period.

Shares of Herman Miller, Inc.

17K shares changed hands by the end of trading on Tuesday. The firm has a 50 day moving average price of $32.02 and a 200 day moving average price of $31.59. The company has a market cap of $82.73 million, a P/E ratio of 3.53 and a beta of 0.08.

There has been some selling insider activity on Herman Miller, Inc.

Herman Miller (NASDAQ:MLHR) last issued its earnings results on Wednesday, July 5th. As of the last earnings report the EPS was $2.05 and is projected to be $2.30 for the current year with 59,751,000 shares now outstanding. Meadow Creek Investment Management boosted its stake in stocks of Herman Miller by 5.1% in the Q1. The company had revenue of $577.20 million during the quarter, compared to analyst estimates of $583.53 million. Analysts expect next quarter's EPS to be $0.56 and the next full year EPS is anticipated to be $2.58. Herman Miller's revenue for the quarter was down.9% on a year-over-year basis. The company also recently declared a dividend for shareholders to be paid on Sunday October 15th, 2017. Stockholders of record on Saturday, September 2nd will be paid a dividend of $0.18 per share. Minerva Advisors LLC boosted its stake in Virco Manufacturing Corporation (NASDAQ:VIRC) by 0.5% during the first quarter, according to its most recent disclosure with the SEC. The ex-dividend date is Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a yield of 2.13%. Herman Miller's payout ratio is now 33.17%.

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A number of research firms recently weighed in on MLHR. Zacks Investment Research upgraded Herman Miller from a "hold" rating to a "buy" rating and set a $35.00 price objective for the company in a research note on Tuesday, March 28th. They set a "buy" rating and a $38.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Herman Miller now has a consensus rating of Hold and a consensus price target of $38.00. (NASDAQ:MLHR) recently. SVP Legal Services, Hezron T. Lopez sold 2,312 shares at an average price of $33.96 on Friday the 21st. Following the completion of the sale, the insider now owns 24,354 shares of the company's stock, valued at approximately $815,371.92. The transaction was disclosed in a document filed with the SEC, which is available at this link.

In other Herman Miller news, SVP Michael F. Ramirez sold 1,297 shares of the stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $33.96, for a total transaction of $78,515.52. The company's stock had a trading volume of 250,324 shares.

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