US Bancorp DE raised its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 230.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 64,340 shares of the electronics maker's stock after buying an additional 44,843 shares during the quarter. US Bancorp DE owned about 0.26% of Kimball Electronics worth $1,191,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of KE. Vanguard Group Inc. lifted its holdings in shares of Kimball Electronics by 45.9% in the 1st quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker's stock valued at $39,154,000 after buying an additional 569,015 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Kimball Electronics by 11.0% in the third quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker's stock valued at $5,620,000 after acquiring an additional 29,993 shares during the period. Grace & White Inc. NY boosted its position in shares of Kimball Electronics by 38.5% during the 3rd quarter. Grace & White Inc. NY now owns 256,777 shares of the electronics maker's stock worth $4,753,000 after purchasing an additional 71,400 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Kimball Electronics by 66.1% during the 2nd quarter. AQR Capital Management LLC now owns 235,844 shares of the electronics maker's stock worth $5,184,000 after purchasing an additional 93,831 shares during the period. Finally, Foundry Partners LLC increased its holdings in shares of Kimball Electronics by 10.0% in the 2nd quarter. Foundry Partners LLC now owns 216,955 shares of the electronics maker's stock valued at $4,769,000 after purchasing an additional 19,730 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.
Kimball Electronics Price Performance
Shares of NASDAQ:KE traded down $0.12 on Friday, hitting $20.77. The company had a trading volume of 98,519 shares, compared to its average volume of 114,366. The company has a current ratio of 2.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43. The company has a market cap of $514.89 million, a PE ratio of 40.73 and a beta of 1.26. Kimball Electronics, Inc. has a 52-week low of $16.64 and a 52-week high of $27.73. The business has a 50 day moving average of $18.11 and a 200 day moving average of $20.35.
Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Monday, November 4th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $374.26 million for the quarter, compared to analyst estimates of $376.70 million. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.65%. During the same period in the prior year, the firm earned $0.43 EPS. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 0.96 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
KE has been the topic of a number of research reports. Cantor Fitzgerald lowered their price target on Kimball Electronics from $28.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. B. Riley dropped their price target on Kimball Electronics from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. EF Hutton Acquisition Co. I downgraded Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 14th. Sidoti cut shares of Kimball Electronics from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 15th. Finally, Lake Street Capital cut their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.25.
Read Our Latest Report on KE
Kimball Electronics Profile
(
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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