BidaskClub upgraded shares of Kimball International (NASDAQ:KBAL) from a hold rating to a buy rating in a research report released on Wednesday.

Shares of Kimball International (NASDAQ KBAL) opened at $18.53 on Wednesday. Kimball International has a 52 week low of $15.40 and a 52 week high of $20.97. The stock has a market capitalization of $699.90, a PE ratio of 18.72 and a beta of 1.46.

Kimball International (NASDAQ:KBAL) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter. Kimball International had a return on equity of 21.84% and a net margin of 5.64%. The business had revenue of $169.52 million for the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 22nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, December 21st. Kimball International’s dividend payout ratio is currently 28.28%.

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Kimball International by 3.0% in the 2nd quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock valued at $187,000 after acquiring an additional 332 shares during the period. Legal & General Group Plc raised its stake in Kimball International by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock valued at $168,000 after acquiring an additional 366 shares during the period. The Manufacturers Life Insurance Company raised its stake in Kimball International by 3.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,133 shares of the company’s stock valued at $503,000 after acquiring an additional 900 shares during the period. Public Employees Retirement System of Ohio raised its stake in Kimball International by 3.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 27,144 shares of the company’s stock valued at $453,000 after acquiring an additional 901 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Kimball International by 17.6% during 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 during the period. Institutional investors and hedge funds own 61.46% of the company’s stock.

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About Kimball International

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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