Strs Ohio Boosts Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Strs Ohio raised its position in Kimball Electronics, Inc. (NASDAQ:KE) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,100 shares of the electronics maker’s stock after buying an additional 1,800 shares during the period. Strs Ohio owned approximately 0.10% of Kimball Electronics worth $649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sapient Capital LLC bought a new position in shares of Kimball Electronics during the fourth quarter worth about $8,761,000. Cardinal Capital Management lifted its position in shares of Kimball Electronics by 1.5% during the fourth quarter. Cardinal Capital Management now owns 46,442 shares of the electronics maker’s stock worth $1,252,000 after purchasing an additional 703 shares during the last quarter. Tectonic Advisors LLC lifted its position in shares of Kimball Electronics by 63.2% during the fourth quarter. Tectonic Advisors LLC now owns 51,494 shares of the electronics maker’s stock worth $1,388,000 after purchasing an additional 19,944 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Kimball Electronics by 3.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 155,658 shares of the electronics maker’s stock worth $4,195,000 after purchasing an additional 4,544 shares during the last quarter. Finally, First Financial Corp IN bought a new position in shares of Kimball Electronics during the fourth quarter worth about $54,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KE has been the topic of several research analyst reports. B. Riley reduced their price target on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Cantor Fitzgerald reduced their price target on shares of Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th.

Kimball Electronics Stock Performance

KE opened at $20.82 on Friday. The business’s 50 day moving average is $21.30 and its 200-day moving average is $23.66. The stock has a market cap of $517.79 million, a PE ratio of 9.59 and a beta of 1.31. 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, Inc. has a twelve month low of $19.52 and a twelve month high of $31.43.

Kimball Electronics (NASDAQ:KE) last released its quarterly 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 for 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%. On average, analysts predict that Kimball Electronics, Inc. will post 1.6 earnings per share for the current 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.