Principal Financial Group Inc. Takes $913,000 Position in Kimball Electronics, Inc. $KE

Principal Financial Group Inc. acquired a new position in Kimball Electronics, Inc. (NASDAQ:KE) during the third quarter, HoldingsChannel.com reports. The fund acquired 30,577 shares of the electronics maker’s stock, valued at approximately $913,000.

Several other large investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its position in Kimball Electronics by 0.9% in the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock worth $1,229,000 after acquiring an additional 561 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kimball Electronics by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after purchasing an additional 624 shares in the last quarter. AlphaQuest LLC raised its holdings 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. State of Alaska Department of Revenue purchased a new position in Kimball Electronics during the third quarter valued at $31,000. Finally, Gamco Investors INC. ET AL grew its holdings in Kimball Electronics by 2.5% during the second quarter. Gamco Investors INC. ET AL now owns 45,480 shares of the electronics maker’s stock valued at $875,000 after purchasing an additional 1,100 shares during the period. 75.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Kimball Electronics Trading Up 1.3%

Shares of Kimball Electronics stock opened at $24.81 on Thursday. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $33.19. The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $28.57 and a 200-day moving average price of $28.38. The firm has a market cap of $600.65 million, a price-to-earnings ratio of 25.84, a PEG ratio of 0.89 and a beta of 1.20.

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

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.