Kimball International (KBAL) Rating Increased to Hold at BidaskClub

Kimball International (NASDAQ:KBAL) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, ValuEngine cut shares of Kimball International from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

Kimball International stock opened at $15.86 on Friday. Kimball International has a 12 month low of $15.66 and a 12 month high of $20.17. The firm has a market cap of $587.58 million, a PE ratio of 14.96 and a beta of 1.29.

Kimball International (NASDAQ:KBAL) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.31 EPS for the quarter. Kimball International had a net margin of 4.84% and a return on equity of 20.48%. The business had revenue of $194.12 million for the quarter.

A number of large investors have recently modified their holdings of the stock. Royce & Associates LP boosted its holdings in Kimball International by 9.5% in the third quarter. Royce & Associates LP now owns 3,088,166 shares of the company’s stock worth $51,727,000 after purchasing an additional 268,045 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Kimball International by 6.9% in the third quarter. Renaissance Technologies LLC now owns 2,455,779 shares of the company’s stock worth $41,134,000 after purchasing an additional 158,439 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kimball International by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,154,813 shares of the company’s stock worth $36,093,000 after purchasing an additional 20,025 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Kimball International by 3.0% in the third quarter. Loomis Sayles & Co. L P now owns 472,421 shares of the company’s stock worth $7,913,000 after purchasing an additional 13,960 shares in the last quarter. Finally, Walthausen & Co. LLC bought a new stake in Kimball International in the third quarter worth $7,722,000. Hedge funds and other institutional investors own 62.75% of the company’s stock.

About Kimball International

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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