Rhumbline Advisers Raises Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Rhumbline Advisers boosted its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 10.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 41,625 shares of the electronics maker’s stock after buying an additional 3,993 shares during the period. Rhumbline Advisers owned 0.17% of Kimball Electronics worth $915,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd increased its holdings in shares of Kimball Electronics by 16.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 9,644 shares of the electronics maker’s stock worth $260,000 after purchasing an additional 1,344 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Kimball Electronics by 1,526.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker’s stock valued at $230,000 after buying an additional 9,813 shares during the period. EntryPoint Capital LLC boosted its position in shares of Kimball Electronics by 96.2% during the first quarter. EntryPoint Capital LLC now owns 10,745 shares of the electronics maker’s stock valued at $233,000 after buying an additional 5,269 shares during the period. Quadrature Capital Ltd boosted its position in shares of Kimball Electronics by 40.9% during the fourth quarter. Quadrature Capital Ltd now owns 13,948 shares of the electronics maker’s stock valued at $376,000 after buying an additional 4,048 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of Kimball Electronics during the first quarter valued at approximately $364,000. 75.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KE shares. Sidoti lowered Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Thursday, August 15th. EF Hutton Acquisition Co. I downgraded Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Lake Street Capital reduced their price target on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. B. Riley cut their target price on Kimball Electronics from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Cantor Fitzgerald cut their target price on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

Kimball Electronics Price Performance

NASDAQ:KE opened at $17.83 on Tuesday. The firm’s fifty day moving average is $19.84 and its two-hundred day moving average is $21.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26. Kimball Electronics, Inc. has a one year low of $17.09 and a one year high of $28.33. The firm has a market cap of $443.41 million, a price-to-earnings ratio of 13.93 and a beta of 1.26.

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

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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.