Weiss Ratings Reiterates Hold (C) Rating for Kimball Electronics (NASDAQ:KE)

Kimball Electronics (NASDAQ:KE)‘s stock had its “hold (c)” rating reiterated by investment analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

Several other equities analysts have also commented on the company. B. Riley reissued a “buy” rating on shares of Kimball Electronics in a report on Thursday, October 9th. Wall Street Zen downgraded Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. Zacks Research raised Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. Finally, Lake Street Capital upped their price target on Kimball Electronics from $21.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $28.00.

Kimball Electronics Stock Up 1.9%

KE stock opened at $29.00 on Tuesday. The company’s 50 day moving average price is $28.41 and its 200 day moving average price is $21.21. The firm has a market capitalization of $707.31 million, a price-to-earnings ratio of 43.28 and a beta of 1.23. Kimball Electronics has a fifty-two week low of $12.41 and a fifty-two week high of $33.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.20.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The company had revenue of $380.47 million during the quarter, compared to analysts’ expectations of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Kimball Electronics will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Kimball Electronics by 3,256.0% in the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock valued at $69,000 after buying an additional 4,070 shares during the last quarter. Cardinal Capital Management grew its holdings in shares of Kimball Electronics by 7.2% during the first quarter. Cardinal Capital Management now owns 98,916 shares of the electronics maker’s stock worth $1,627,000 after buying an additional 6,653 shares during the last quarter. KPP Advisory Services LLC acquired a new position in Kimball Electronics in the 1st quarter valued at about $237,000. Envestnet Asset Management Inc. raised its stake in Kimball Electronics by 45.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock valued at $5,580,000 after acquiring an additional 105,889 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Kimball Electronics by 17.2% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 33,975 shares of the electronics maker’s stock worth $559,000 after acquiring an additional 4,983 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Company 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.