BidaskClub upgraded shares of Kimball International (NASDAQ:KBAL) from a sell rating to a hold rating in a research note released on Thursday, BidAskClub reports.
KBAL stock traded up $0.21 during midday trading on Thursday, reaching $17.40. 27,138 shares of the company’s stock traded hands, compared to its average volume of 121,747. The company has a market capitalization of $633.07 million, a P/E ratio of 15.39 and a beta of 0.93. Kimball International has a fifty-two week low of $13.49 and a fifty-two week high of $18.03. The business has a 50-day moving average price of $17.21 and a two-hundred day moving average price of $15.95.
Kimball International (NASDAQ:KBAL) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $195.57 million for the quarter. Kimball International had a net margin of 5.12% and a return on equity of 20.56%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Kimball International by 4.8% during the second quarter. BlackRock Inc. now owns 2,650,559 shares of the company’s stock worth $46,198,000 after purchasing an additional 122,463 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Kimball International by 3.0% during the second quarter. Renaissance Technologies LLC now owns 2,618,985 shares of the company’s stock worth $45,649,000 after purchasing an additional 75,709 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Kimball International by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,167,918 shares of the company’s stock worth $30,763,000 after purchasing an additional 13,105 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of Kimball International by 0.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 799,257 shares of the company’s stock worth $11,302,000 after purchasing an additional 6,818 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Kimball International by 1.5% during the second quarter. Northern Trust Corp now owns 472,634 shares of the company’s stock worth $8,239,000 after purchasing an additional 7,026 shares in the last quarter. 64.04% of the stock is currently owned by institutional investors and hedge funds.
Kimball International Company Profile
Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.
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