Northern Trust Corp trimmed its holdings in shares of Kimball International Inc (NASDAQ:KBAL) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,372 shares of the company’s stock after selling 3,398 shares during the quarter. Northern Trust Corp’s holdings in Kimball International were worth $6,689,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of KBAL. California Public Employees Retirement System grew its holdings in Kimball International by 15.7% during the 4th quarter. California Public Employees Retirement System now owns 164,589 shares of the company’s stock worth $2,336,000 after acquiring an additional 22,361 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Kimball International by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,154,813 shares of the company’s stock worth $36,093,000 after acquiring an additional 20,025 shares during the last quarter. BlackRock Inc. grew its holdings in Kimball International by 0.7% during the 4th quarter. BlackRock Inc. now owns 2,542,802 shares of the company’s stock worth $36,083,000 after acquiring an additional 18,321 shares during the last quarter. Rhumbline Advisers grew its holdings in Kimball International by 43.6% during the 4th quarter. Rhumbline Advisers now owns 50,105 shares of the company’s stock worth $711,000 after acquiring an additional 15,210 shares during the last quarter. Finally, First Quadrant L P CA grew its holdings in Kimball International by 217.1% during the 4th quarter. First Quadrant L P CA now owns 17,598 shares of the company’s stock worth $250,000 after acquiring an additional 12,049 shares during the last quarter. 63.19% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub downgraded shares of Kimball International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd.
Kimball International stock opened at $14.86 on Wednesday. Kimball International Inc has a 12-month low of $13.49 and a 12-month high of $18.14. The firm has a market cap of $539.28 million, a P/E ratio of 14.55 and a beta of 0.90.
Kimball International (NASDAQ:KBAL) last announced its quarterly earnings results on Monday, February 4th. The company reported $0.26 EPS for the quarter. The business had revenue of $201.01 million during the quarter. Kimball International had a net margin of 4.93% and a return on equity of 19.31%.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 25th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.15%.
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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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