Kimball International Inc (NASDAQ:KBAL)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $20.04 and last traded at $20.02, with a volume of 1671 shares changing hands. The stock had previously closed at $19.86.
KBAL has been the subject of a number of recent research reports. ValuEngine downgraded Kimball International from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. BidaskClub upgraded Kimball International from a “hold” rating to a “buy” rating in a research report on Saturday.
The stock has a fifty day moving average price of $17.63 and a 200-day moving average price of $16.34. The company has a market cap of $728.73 million, a PE ratio of 17.62 and a beta of 0.94.
Kimball International (NASDAQ:KBAL) last released its earnings results on Monday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $195.57 million during the quarter. Kimball International had a return on equity of 20.20% and a net margin of 5.12%.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, September 24th. This is a positive change from Kimball International’s previous quarterly dividend of $0.08.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC acquired a new position in shares of Kimball International in the 2nd quarter valued at $185,000. Dimensional Fund Advisors LP lifted its position in Kimball International by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,167,918 shares of the company’s stock valued at $30,763,000 after acquiring an additional 13,105 shares in the last quarter. New York State Teachers Retirement System bought a new stake in Kimball International in the 2nd quarter valued at $54,000. JPMorgan Chase & Co. lifted its position in Kimball International by 97.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 388,298 shares of the company’s stock valued at $6,585,000 after acquiring an additional 191,209 shares in the last quarter. Finally, Stone Ridge Asset Management LLC lifted its position in Kimball International by 114.6% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 22,864 shares of the company’s stock valued at $399,000 after acquiring an additional 12,210 shares in the last quarter. 65.88% of the stock is owned by hedge funds and other institutional investors.
Kimball International Company Profile (NASDAQ:KBAL)
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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