State of Wyoming Invests $405,000 in Kimball Electronics, Inc. $KE

State of Wyoming purchased a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,042 shares of the electronics maker’s stock, valued at approximately $405,000. State of Wyoming owned 0.09% of Kimball Electronics as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of KE. Tower Research Capital LLC TRC increased its stake in Kimball Electronics by 197.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after buying an additional 1,901 shares during the period. Man Group plc bought a new position in shares of Kimball Electronics in the second quarter valued at approximately $494,000. Lazard Asset Management LLC increased its stake in shares of Kimball Electronics by 0.9% during the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock valued at $1,229,000 after acquiring an additional 561 shares during the period. Bridgeway Capital Management LLC raised its holdings in Kimball Electronics by 5.2% during the second quarter. Bridgeway Capital Management LLC now owns 174,397 shares of the electronics maker’s stock worth $3,354,000 after purchasing an additional 8,547 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in Kimball Electronics during the second quarter worth approximately $449,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Trading Down 1.6%

Shares of NASDAQ KE opened at $29.28 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 2.21 and a debt-to-equity ratio of 0.23. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $33.19. The company has a market cap of $712.68 million, a price-to-earnings ratio of 30.82, a P/E/G ratio of 1.09 and a beta of 1.15. The business has a fifty day simple moving average of $28.86 and a 200-day simple moving average of $25.45.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.25. Kimball Electronics had a return on equity of 6.28% and a net margin of 1.62%.The firm had revenue of $365.60 million for the quarter, compared to analysts’ expectations of $338.43 million. Sell-side analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KE. Zacks Research upgraded Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Wall Street Zen raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, October 14th. Lake Street Capital restated a “buy” rating and set a $32.00 price objective on shares of Kimball Electronics in a research report on Friday, November 7th. Finally, B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Kimball Electronics currently has a consensus rating of “Buy” and an average target price of $32.00.

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, 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.