Vanguard Group Inc. Buys 48,456 Shares of Kimball Electronics, Inc. $KE

Vanguard Group Inc. raised its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,995,742 shares of the electronics maker’s stock after purchasing an additional 48,456 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Kimball Electronics worth $55,522,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KE. Quarry LP bought a new stake in Kimball Electronics in the 3rd quarter valued at $28,000. State of Alaska Department of Revenue bought a new stake in Kimball Electronics in the 3rd quarter valued at $31,000. Raymond James Financial Inc. bought a new stake in Kimball Electronics in the 2nd quarter valued at $34,000. Farther Finance Advisors LLC bought a new stake in Kimball Electronics in the 4th quarter valued at $35,000. Finally, CWM LLC boosted its holdings in Kimball Electronics by 135.2% in the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 715 shares during the period. 75.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on KE. Zacks Research downgraded shares of Kimball Electronics from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kimball Electronics presently has an average rating of “Hold” and a consensus price target of $32.00.

Kimball Electronics Trading Down 1.9%

Shares of KE stock opened at $24.53 on Friday. Kimball Electronics, Inc. has a 52-week low of $17.17 and a 52-week high of $33.19. The stock has a market cap of $589.95 million, a price-to-earnings ratio of 23.59, a P/E/G ratio of 0.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. The firm has a fifty day moving average of $25.06 and a 200-day moving average of $27.14.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. The business had revenue of $352.92 million during the quarter, compared to analyst estimates of $356.27 million. On average, equities research analysts forecast that Kimball Electronics, Inc. will post 1.44 earnings per share for the current fiscal year.

About Kimball Electronics

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.