Front Street Capital Management Inc. Sells 22,775 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Front Street Capital Management Inc. trimmed its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,537 shares of the electronics maker's stock after selling 22,775 shares during the period. Front Street Capital Management Inc. owned about 0.29% of Kimball Electronics worth $1,340,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KE. ExodusPoint Capital Management LP boosted its holdings in shares of Kimball Electronics by 4.3% during the fourth quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock worth $446,000 after purchasing an additional 979 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Kimball Electronics by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker's stock valued at $1,212,000 after purchasing an additional 1,555 shares during the period. Cardinal Capital Management lifted its holdings in Kimball Electronics by 2.7% in the 4th quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker's stock worth $1,728,000 after buying an additional 2,459 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Kimball Electronics by 28.9% in the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock valued at $211,000 after purchasing an additional 2,528 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Kimball Electronics by 6.5% during the 4th quarter. Sei Investments Co. now owns 58,124 shares of the electronics maker's stock valued at $1,089,000 after buying an additional 3,573 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

Analyst Ratings Changes

KE has been the topic of a number of research reports. StockNews.com raised shares of Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Lake Street Capital cut their target price on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Kimball Electronics Price Performance

Shares of KE traded up $0.40 during trading hours on Wednesday, hitting $13.93. The stock had a trading volume of 42,695 shares, compared to its average volume of 120,988. The stock has a market capitalization of $342.05 million, a price-to-earnings ratio of 43.53 and a beta of 1.18. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $24.45. The company's fifty day moving average is $15.91 and its two-hundred day moving average is $17.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating the consensus estimate 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, analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Kimball Electronics Profile

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.