Strs Ohio boosted its position in shares of Kimball Electronics, Inc. (NASDAQ:KE – Free Report) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,300 shares of the electronics maker’s stock after purchasing an additional 3,000 shares during the quarter. Strs Ohio owned about 0.09% of Kimball Electronics worth $610,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of KE. Hodges Capital Management Inc. increased its holdings in Kimball Electronics by 88.3% during the 2nd quarter. Hodges Capital Management Inc. now owns 532,751 shares of the electronics maker’s stock worth $20,851,000 after purchasing an additional 249,878 shares during the period. Earnest Partners LLC increased its holdings in shares of Kimball Electronics by 43.9% in the 1st quarter. Earnest Partners LLC now owns 595,373 shares of the electronics maker’s stock valued at $11,902,000 after acquiring an additional 181,737 shares during the period. Bank of America Corp DE increased its holdings in shares of Kimball Electronics by 39.0% in the 1st quarter. Bank of America Corp DE now owns 523,205 shares of the electronics maker’s stock valued at $10,459,000 after acquiring an additional 146,825 shares during the period. BlackRock Inc. increased its holdings in shares of Kimball Electronics by 6.2% in the 2nd quarter. BlackRock Inc. now owns 1,930,304 shares of the electronics maker’s stock valued at $53,334,000 after acquiring an additional 112,093 shares during the period. Finally, Wasatch Advisors LP increased its holdings in shares of Kimball Electronics by 40.4% in the 1st quarter. Wasatch Advisors LP now owns 386,265 shares of the electronics maker’s stock valued at $9,309,000 after acquiring an additional 111,209 shares during the period. 70.56% of the stock is currently owned by hedge funds and other institutional investors.
Kimball Electronics Stock Up 0.4 %
Shares of KE stock opened at $23.52 on Friday. Kimball Electronics, Inc. has a 1-year low of $19.52 and a 1-year high of $31.43. The stock’s fifty day moving average price is $25.33 and its 200 day moving average price is $26.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.95 and a quick ratio of 0.94. The company has a market cap of $584.24 million, a price-to-earnings ratio of 10.36 and a beta of 1.32.
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Kimball Electronics (NASDAQ:KE – Get Free Report) last announced its earnings results on Monday, November 6th. The electronics maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Kimball Electronics had a return on equity of 11.23% and a net margin of 3.08%. The firm had revenue of $438.08 million for the quarter, compared to the consensus estimate of $448.00 million. On average, research analysts expect that Kimball Electronics, Inc. will post 1.96 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on KE shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $36.00 price target on shares of Kimball Electronics in a report on Wednesday, October 4th. StockNews.com started coverage on Kimball Electronics in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, B. Riley started coverage on Kimball Electronics in a report on Monday, October 9th. They issued a “buy” rating and a $39.00 price target on the stock.
Get Our Latest Report on Kimball Electronics
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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.
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