Kimball International, Inc. (NASDAQ:KBAL) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Kimball International (NASDAQ:KBAL) opened at 16.74 on Friday. Kimball International has a 12 month low of $11.86 and a 12 month high of $18.94. The firm has a 50-day moving average of $16.62 and a 200 day moving average of $16.92. The stock has a market cap of $623.75 million, a PE ratio of 16.91 and a beta of 1.54.

Kimball International (NASDAQ:KBAL) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. Kimball International had a net margin of 5.60% and a return on equity of 22.62%. The company had revenue of $171.98 million during the quarter. Analysts anticipate that Kimball International will post $0.69 EPS for the current year.

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In other Kimball International news, CEO Robert F. Schneider sold 31,790 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $16.05, for a total transaction of $510,229.50. Following the completion of the sale, the chief executive officer now directly owns 280,621 shares in the company, valued at $4,503,967.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Winkle Donald W. Van sold 64,352 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $17.37, for a total transaction of $1,117,794.24. Following the sale, the president now owns 104,195 shares of the company’s stock, valued at $1,809,867.15. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Kimball International by 3.0% in the second quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock valued at $187,000 after buying an additional 332 shares in the last quarter. Legal & General Group Plc increased its stake in Kimball International by 3.8% in the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock valued at $168,000 after buying an additional 366 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Kimball International by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 30,133 shares of the company’s stock valued at $503,000 after buying an additional 900 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Kimball International by 3.4% in the second quarter. Public Employees Retirement System of Ohio now owns 27,144 shares of the company’s stock valued at $453,000 after buying an additional 901 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Kimball International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock valued at $176,000 after buying an additional 1,578 shares in the last quarter. Institutional investors own 61.58% of the company’s stock.

Kimball International Company Profile

Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.

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