Strs Ohio Buys 1,800 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Strs Ohio increased its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,100 shares of the electronics maker’s stock after purchasing an additional 1,800 shares during the quarter. Strs Ohio’s holdings in Kimball Electronics were worth $649,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. First Financial Corp IN acquired a new position in Kimball Electronics in the fourth quarter valued at approximately $54,000. NBC Securities Inc. acquired a new position in Kimball Electronics in the third quarter valued at approximately $81,000. SG Americas Securities LLC acquired a new position in Kimball Electronics in the third quarter valued at approximately $252,000. Linden Thomas Advisory Services LLC lifted its holdings in Kimball Electronics by 14.6% in the third quarter. Linden Thomas Advisory Services LLC now owns 9,580 shares of the electronics maker’s stock valued at $262,000 after buying an additional 1,224 shares during the period. Finally, Quadrature Capital Ltd lifted its holdings in Kimball Electronics by 13.2% in the third quarter. Quadrature Capital Ltd now owns 9,900 shares of the electronics maker’s stock valued at $271,000 after buying an additional 1,157 shares during the period. 75.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. B. Riley cut their target price on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Cantor Fitzgerald lowered their price objective on shares of Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th.

Kimball Electronics Stock Up 0.1 %

Kimball Electronics stock opened at $20.82 on Friday. The company has a market cap of $517.79 million, a P/E ratio of 9.59 and a beta of 1.31. Kimball Electronics, Inc. has a 1-year low of $19.52 and a 1-year high of $31.43. The company has a fifty day simple moving average of $21.30 and a 200 day simple moving average of $23.66. The company has a current ratio of 1.97, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Monday, February 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The business had revenue of $421.24 million during the quarter, compared to the consensus estimate of $435.60 million. Kimball Electronics had a net margin of 2.97% and a return on equity of 10.37%. Research analysts anticipate that Kimball Electronics, Inc. will post 1.6 earnings per share for the current fiscal year.

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.