Kimball International (NASDAQ:KBAL) Upgraded by BidaskClub to Strong-Buy

Kimball International (NASDAQ:KBAL) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, BidAskClub reports.

Separately, ValuEngine cut shares of Kimball International from a “hold” rating to a “sell” rating in a research note on Monday, August 26th.

KBAL stock opened at $20.69 on Tuesday. Kimball International has a one year low of $13.49 and a one year high of $20.47. The stock has a market capitalization of $737.22 million, a PE ratio of 17.82 and a beta of 0.94. The company has a fifty day moving average of $19.15 and a 200-day moving average of $17.13.

Kimball International (NASDAQ:KBAL) last released its earnings results on Monday, July 29th. The company reported $0.32 EPS for the quarter. Kimball International had a net margin of 5.12% and a return on equity of 20.20%. The company had revenue of $195.57 million during the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC lifted its stake in shares of Kimball International by 55.7% in the second quarter. Quantamental Technologies LLC now owns 2,066 shares of the company’s stock valued at $36,000 after purchasing an additional 739 shares during the period. US Bancorp DE lifted its stake in shares of Kimball International by 11.5% in the second quarter. US Bancorp DE now owns 9,362 shares of the company’s stock valued at $163,000 after purchasing an additional 962 shares during the period. Swiss National Bank lifted its stake in shares of Kimball International by 1.5% in the second quarter. Swiss National Bank now owns 67,800 shares of the company’s stock valued at $1,182,000 after purchasing an additional 1,000 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Kimball International in the second quarter valued at about $28,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Kimball International by 15.0% in the second quarter. Meeder Asset Management Inc. now owns 21,139 shares of the company’s stock valued at $369,000 after purchasing an additional 2,752 shares during the period. Hedge funds and other institutional investors own 66.18% of the company’s stock.

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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