Grace & White Inc. NY Has $4.75 Million Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Grace & White Inc. NY grew its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 38.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 256,777 shares of the electronics maker's stock after buying an additional 71,400 shares during the quarter. Grace & White Inc. NY owned 1.03% of Kimball Electronics worth $4,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. nVerses Capital LLC acquired a new position in shares of Kimball Electronics in the 3rd quarter worth approximately $48,000. SG Americas Securities LLC lifted its stake in Kimball Electronics by 78.5% during the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker's stock worth $162,000 after purchasing an additional 3,849 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Kimball Electronics in the second quarter worth $210,000. The Manufacturers Life Insurance Company bought a new stake in Kimball Electronics during the second quarter valued at $217,000. Finally, Creative Planning acquired a new stake in shares of Kimball Electronics during the third quarter worth $219,000. Institutional investors own 75.99% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on KE shares. EF Hutton Acquisition Co. I cut Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 14th. Lake Street Capital cut their target price on Kimball Electronics from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Cantor Fitzgerald lowered their price target on shares of Kimball Electronics from $28.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, August 16th. 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 report on Thursday, August 15th. Finally, B. Riley reduced their target price on shares of Kimball Electronics from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kimball Electronics presently has an average rating of "Moderate Buy" and a consensus price target of $23.25.

Kimball Electronics Price Performance

Shares of KE traded down $0.47 during trading hours on Tuesday, hitting $17.57. 51,805 shares of the company were exchanged, compared to its average volume of 115,967. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.26 and a quick ratio of 1.36. The company has a market capitalization of $436.95 million, a PE ratio of 13.92 and a beta of 1.26. The firm has a fifty day simple moving average of $18.00 and a 200-day simple moving average of $20.56. Kimball Electronics, Inc. has a one year low of $16.64 and a one year high of $27.73.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results on Tuesday, August 13th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. The firm had revenue of $430.16 million during the quarter, compared to analyst estimates of $429.00 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. As a group, sell-side analysts predict that Kimball Electronics, Inc. will post 1.17 earnings per share for the current year.

About Kimball Electronics

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.