Dimensional Fund Advisors LP has recently announced that it has increased stake in Kimball International Inc. (NASDAQ:KBAL) by 2.90%. After grabbing 1.79 million shares, the institutional investor is now in possession of 50582.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.92% having worth around $11.65 million. Moreover, The Vanguard Group, Inc. increased its share by 80538.0 to have a control over 1.77 million shares. And Russell Investment Management LLC raised its holdings to 0.12 million shares by acquiring 1.27 million shares or 3.49% of the stake.
Kimball International Inc. (KBAL) concluded trading on 01/18/23 at a closing price of $7.13, with 0.22 million shares of worth about $1.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.10% during that period and on Wednesday the price saw a loss of about -1.38%. Currently the company’s common shares owned by public are about 36.75M shares, out of which, 35.65M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 64 times over the past 12 months. They bought 166,985 shares in 49 of the transactions. In 15 selling transactions, insiders dumped 31,827 shares.
Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and DFA US Small Cap Value Portfolio are the top 3 mutual funds which are holding stakes in Kimball International Inc. Vanguard Total Stock Market Index is currently holding 1.12 million shares of worth totaling $7.31 million. The company recently came buying 9658.0 shares which brought its stake up to 3.09% of the company’s outstanding shares. iShares Russell 2000 ETF sold 8357.0 shares, after which its hold over company’s outstanding shares shrunk to 2.20%, leaving 0.8 million shares with the mutual fund that have a worth of about $5.21 million. DFA US Small Cap Value Portfolio, after buying 0.53 million shares, have now control over 1.46% of the stake in the company. It holds 0.4 million shares of worth $3.46 million.
Kimball International Inc. (NASDAQ: KBAL) started trading at $7.25, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 7.29, or with a loss of -1.38%. Stock saw a price change of -0.56% in past 5 days and over the past one month there was a price change of 13.35%. Year-to-date (YTD), KBAL shares are showing a performance of 9.69% which decreased to -33.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.11 but also hit the highest price of $10.63 during that period. The average intraday trading volume for Kimball International Inc. shares is 133.38K. The stock is currently trading 6.19% above its 20-day simple moving average (SMA20), while that difference is up 2.96% for SMA50 and it goes to -5.83% lower than SMA200.
Dimensional Fund Advisors LP acquired 1.79 million shares of Kimball International Inc. having value of about $11.65 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 50582.0 shares in the company valued at close to $360649.66, or have control over 2.90% stake in the company. Kimball International Inc. (NASDAQ: KBAL) currently have 36.75M outstanding shares and institutions hold larger chunk of about 67.90% of that. Holding of mutual funds in the company is about 29.98% while other institutional holders and individual stake holders have control over 36.19% and 14.80% of the stake respectively.
The stock has a current market capitalization of $264.38M and its 3Y-monthly beta is at 0.96. It has posted earnings per share of -$0.12 in the same period. It has Quick Ratio of 0.70 while making debt-to-equity ratio of 0.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KBAL, volatility over the week remained 2.46% while standing at 2.90% over the month.
Analysts are in expectations that Kimball International Inc. (KBAL) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.09 and it is $0.99 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -315.20% while it is estimated to increase by 27.87% in next year. EPS is likely to grow at an annualized rate of 17.00% for next 5-years, compared to annual growth of -19.40% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Kimball International Inc. (KBAL)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by The Benchmark Company on November 30, 2022 offering a Buy rating for the stock and assigned a target price of $80 to it.