Foundry Partners LLC lifted its position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 251,845 shares of the electronics maker's stock after buying an additional 32,790 shares during the quarter. Foundry Partners LLC owned about 1.02% of Kimball Electronics worth $4,717,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in Kimball Electronics by 239.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker's stock valued at $3,753,000 after acquiring an additional 141,411 shares in the last quarter. Vanguard Group Inc. lifted its position in Kimball Electronics by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock worth $36,440,000 after purchasing an additional 92,166 shares during the period. JPMorgan Chase & Co. grew its stake in Kimball Electronics by 142.1% during the fourth quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker's stock worth $2,120,000 after buying an additional 66,444 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Kimball Electronics in the 4th quarter valued at about $1,147,000. Finally, American Century Companies Inc. raised its position in shares of Kimball Electronics by 13.0% in the 4th quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker's stock valued at $9,176,000 after buying an additional 56,175 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.
Kimball Electronics Stock Performance
Kimball Electronics stock traded down $0.65 during mid-day trading on Thursday, reaching $13.50. 40,477 shares of the company's stock were exchanged, compared to its average volume of 119,753. The business's fifty day simple moving average is $16.61 and its 200 day simple moving average is $17.99. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. Kimball Electronics, Inc. has a one year low of $12.41 and a one year high of $24.45. The firm has a market capitalization of $331.49 million, a PE ratio of 42.26 and a beta of 1.18.
Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. On average, sell-side analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on KE. StockNews.com raised shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Lake Street Capital reduced their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.75.
Read Our Latest Stock Analysis on Kimball Electronics
About Kimball Electronics
(
Free Report)
Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.
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