Empowered Funds LLC Boosts Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Empowered Funds LLC boosted its position in Kimball Electronics, Inc. (NASDAQ:KE) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,847 shares of the electronics maker’s stock after purchasing an additional 3,939 shares during the period. Empowered Funds LLC owned about 0.33% of Kimball Electronics worth $1,533,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Point72 DIFC Ltd purchased a new stake in shares of Kimball Electronics in the third quarter worth $25,000. nVerses Capital LLC purchased a new stake in shares of Kimball Electronics in the third quarter worth $48,000. Quest Partners LLC purchased a new stake in shares of Kimball Electronics in the third quarter worth $61,000. 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 purchasing an additional 3,849 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in Kimball Electronics by 995.9% during the third quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock valued at $167,000 after purchasing an additional 8,196 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Analysts Set New Price Targets

KE has been the topic of several analyst reports. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Lake Street Capital decreased their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.75.

Kimball Electronics Stock Down 0.1 %

KE opened at $17.08 on Friday. The firm has a 50-day simple moving average of $18.44 and a two-hundred day simple moving average of $18.67. Kimball Electronics, Inc. has a 52 week low of $16.36 and a 52 week high of $24.45. The company has a market capitalization of $421.53 million, a PE ratio of 53.38 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 2.28 and a debt-to-equity ratio of 0.37.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.47%. Analysts forecast that Kimball Electronics, Inc. will post 1.02 earnings per share for the current fiscal year.

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.