Empowered Funds LLC grew its stake in Kimball Electronics, Inc. (NASDAQ:KE – Free Report) by 82.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 215,283 shares of the electronics maker’s stock after purchasing an additional 97,459 shares during the quarter. Empowered Funds LLC’s holdings in Kimball Electronics were worth $5,100,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of KE. Quarry LP bought a new stake in Kimball Electronics during the third quarter worth about $28,000. Raymond James Financial Inc. bought a new position in Kimball Electronics in the second quarter valued at approximately $34,000. CWM LLC grew its stake in Kimball Electronics by 135.2% in the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Kimball Electronics during the 4th quarter worth approximately $35,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Kimball Electronics during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 75.99% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on KE. Zacks Research upgraded shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, KeyCorp initiated coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.00.
Kimball Electronics Price Performance
Shares of Kimball Electronics stock opened at $24.73 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Kimball Electronics, Inc. has a twelve month low of $18.04 and a twelve month high of $33.19. The company has a 50-day simple moving average of $25.13 and a two-hundred day simple moving average of $25.70. The stock has a market capitalization of $594.76 million, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.10 and a beta of 1.22.
Kimball Electronics (NASDAQ:KE – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $352.92 million for the quarter, compared to analyst estimates of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. Analysts forecast that Kimball Electronics, Inc. will post 1.27 EPS for the current year.
Kimball Electronics Profile
Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.
The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.
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