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HNI ( (HNI) ) has issued an update.
On January 8, 2026, HNI Corporation announced an operational improvement plan that includes exiting its Wayland, New York, manufacturing facility in 2027 and consolidating production into other North American plants in its workplace furnishings network. The move, positioned as part of a broader network optimization effort and enabled in part by the integration of Kimball International, is expected to preserve the current product portfolio and maintain the Gunlocke brand while aiming to enhance productivity, capacity utilization, and customer experience. HNI estimates that the consolidation will ultimately generate annual cost savings of about $7.5 million to $8.0 million, but it will also trigger approximately $14.9 million in pre-tax charges spread across 2026 and 2027 and result in the termination of around 135 jobs in Wayland, highlighting both the financial benefits and the human impact of the restructuring on stakeholders.
The most recent analyst rating on (HNI) stock is a Buy with a $46.00 price target. To see the full list of analyst forecasts on HNI stock, see the HNI Stock Forecast page.
Spark’s Take on HNI Stock
According to Spark, TipRanks’ AI Analyst, HNI is a Outperform.
HNI’s overall score reflects strong financial performance and strategic growth through the Steelcase acquisition. While technical indicators show limited momentum, the company’s valuation and positive earnings outlook support a favorable investment case.
To see Spark’s full report on HNI stock, click here.
More about HNI
HNI Corporation is a manufacturer of workplace furnishings and residential building products, operating through two segments. Its Workplace Furnishings segment designs and provides commercial workplace solutions under multiple brands to customers ranging from large multinationals to small local businesses, while its Residential Building Products segment is a leading U.S. producer and marketer of hearth products, including gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, facings, and accessories.
Average Trading Volume: 768,047
Technical Sentiment Signal: Hold
Current Market Cap: $3.1B
See more insights into HNI stock on TipRanks’ Stock Analysis page.