Kimball Electronics, Inc. (NASDAQ:KE) Shares Purchased by Grace & White Inc. NY

Grace & White Inc. NY raised its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 38.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 256,777 shares of the electronics maker’s stock after purchasing an additional 71,400 shares during the quarter. Grace & White Inc. NY’s holdings in Kimball Electronics were worth $4,753,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KE. Vanguard Group Inc. increased its position in shares of Kimball Electronics by 45.9% in the first quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker’s stock worth $39,154,000 after acquiring an additional 569,015 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Kimball Electronics by 80.9% in the second quarter. Assenagon Asset Management S.A. now owns 273,636 shares of the electronics maker’s stock worth $6,015,000 after acquiring an additional 122,336 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Kimball Electronics by 66.1% in the second quarter. AQR Capital Management LLC now owns 235,844 shares of the electronics maker’s stock worth $5,184,000 after acquiring an additional 93,831 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of Kimball Electronics by 67.0% in the second quarter. Donald Smith & CO. Inc. now owns 207,604 shares of the electronics maker’s stock worth $4,563,000 after acquiring an additional 83,317 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Kimball Electronics by 39.7% in the second quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker’s stock worth $4,364,000 after acquiring an additional 56,468 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Trading Down 2.2 %

NASDAQ KE opened at $18.04 on Tuesday. Kimball Electronics, Inc. has a 12 month low of $16.64 and a 12 month high of $27.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.26 and a quick ratio of 1.36. The company has a market capitalization of $448.64 million, a price-to-earnings ratio of 14.09 and a beta of 1.26. The company’s fifty day moving average price is $18.00 and its two-hundred day moving average price is $20.56.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, August 13th. The electronics maker reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). Kimball Electronics had a net margin of 1.20% and a return on equity of 6.65%. The company had revenue of $430.16 million for the quarter, compared to the consensus estimate of $429.00 million. During the same quarter last year, the company earned $0.76 earnings per share. As a group, research analysts predict that Kimball Electronics, Inc. will post 1.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KE. Lake Street Capital decreased their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. EF Hutton Acquisition Co. I downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 14th. B. Riley decreased their target price on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Cantor Fitzgerald decreased their target price on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Finally, Sidoti downgraded shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.25.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.