LSV Asset Management Decreases Stake in Kimball Electronics, Inc. $KE

LSV Asset Management cut its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 90.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,900 shares of the electronics maker’s stock after selling 162,123 shares during the period. LSV Asset Management’s holdings in Kimball Electronics were worth $505,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KE. State of Alaska Department of Revenue purchased a new stake in shares of Kimball Electronics during the 3rd quarter valued at about $31,000. Raymond James Financial Inc. purchased a new position in shares of Kimball Electronics during the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC lifted its position in Kimball Electronics by 197.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 1,901 shares during the period. New York State Teachers Retirement System boosted its holdings in Kimball Electronics by 441.6% in the third quarter. New York State Teachers Retirement System now owns 2,199 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 1,793 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Kimball Electronics by 9.1% in the 2nd quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 678 shares during the period. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Price Performance

Shares of Kimball Electronics stock opened at $24.48 on Wednesday. The stock has a market cap of $592.66 million, a P/E ratio of 25.50, a P/E/G ratio of 0.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.31 and a current ratio of 2.21. The stock’s fifty day moving average is $28.70 and its 200 day moving average is $28.40. Kimball Electronics, Inc. has a one year low of $12.41 and a one year high of $33.19.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Wednesday, February 4th. The electronics maker reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%.The business had revenue of $341.28 million during the quarter, compared to analysts’ expectations of $339.34 million. Sell-side analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a report on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Finally, Lake Street Capital reissued a “buy” rating and issued a $32.00 target price on shares of Kimball Electronics in a research report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Company 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.