Kimball Electronics, Inc. (NASDAQ:KE) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 3.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,129 shares of the electronics maker’s stock after purchasing an additional 2,145 shares during the quarter. Victory Capital Management Inc. owned 0.25% of Kimball Electronics worth $1,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in Kimball Electronics during the 3rd quarter valued at $48,000. SG Americas Securities LLC raised its position in Kimball Electronics by 78.5% during the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock valued at $162,000 after buying an additional 3,849 shares during the period. Hsbc Holdings PLC purchased a new stake in Kimball Electronics in the 2nd quarter worth about $210,000. The Manufacturers Life Insurance Company acquired a new stake in Kimball Electronics during the 2nd quarter worth about $217,000. Finally, Creative Planning purchased a new position in Kimball Electronics during the 3rd quarter valued at about $219,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Trading Down 3.0 %

Shares of Kimball Electronics stock opened at $19.34 on Wednesday. The company’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $20.16. The firm has a market capitalization of $477.33 million, a PE ratio of 37.92 and a beta of 1.26. Kimball Electronics, Inc. has a 52-week low of $16.64 and a 52-week high of $27.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.28 and a quick ratio of 1.30.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Monday, November 4th. The electronics maker reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $374.26 million for the quarter, compared to analyst estimates of $376.70 million. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. During the same period in the prior year, the company posted $0.43 EPS. On average, analysts expect that Kimball Electronics, Inc. will post 0.96 EPS for the current year.

Analysts Set New Price Targets

KE has been the topic of a number of recent research reports. Lake Street Capital lowered their target price on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Sidoti lowered shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Thursday, August 15th. B. Riley reduced 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 dropped their price target on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Finally, EF Hutton Acquisition Co. I cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.25.

About Kimball Electronics

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.