Principal Financial Group Inc. Buys New Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Principal Financial Group Inc. bought a new stake in Kimball Electronics, Inc. (NASDAQ:KEFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,803 shares of the electronics maker’s stock, valued at approximately $364,000. Principal Financial Group Inc. owned approximately 0.07% of Kimball Electronics at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KE. Grace & White Inc. NY increased its holdings in Kimball Electronics by 30.0% during the 1st quarter. Grace & White Inc. NY now owns 185,377 shares of the electronics maker’s stock worth $4,013,000 after purchasing an additional 42,739 shares in the last quarter. Cardinal Capital Management increased its holdings in Kimball Electronics by 39.0% during the 1st quarter. Cardinal Capital Management now owns 64,538 shares of the electronics maker’s stock worth $1,397,000 after purchasing an additional 18,096 shares in the last quarter. Quadrature Capital Ltd increased its holdings in Kimball Electronics by 40.9% during the 4th quarter. Quadrature Capital Ltd now owns 13,948 shares of the electronics maker’s stock worth $376,000 after purchasing an additional 4,048 shares in the last quarter. Oxford Financial Group LTD. LLC increased its holdings in Kimball Electronics by 35.4% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker’s stock worth $12,492,000 after purchasing an additional 121,076 shares in the last quarter. Finally, Annex Advisory Services LLC increased its holdings in Kimball Electronics by 30.9% during the 4th quarter. Annex Advisory Services LLC now owns 19,198 shares of the electronics maker’s stock worth $517,000 after purchasing an additional 4,527 shares in the last quarter. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Stock Performance

Shares of KE opened at $20.97 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 2.03. The stock has a 50 day moving average price of $22.09 and a two-hundred day moving average price of $22.46. The firm has a market capitalization of $521.52 million, a P/E ratio of 16.38 and a beta of 1.30. Kimball Electronics, Inc. has a 52 week low of $19.62 and a 52 week high of $31.43.

Kimball Electronics (NASDAQ:KEGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The electronics maker reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Kimball Electronics had a return on equity of 8.70% and a net margin of 1.81%. The company had revenue of $425.04 million for the quarter, compared to the consensus estimate of $448.20 million. Equities analysts forecast that Kimball Electronics, Inc. will post 1.53 earnings per share for the current fiscal year.

Kimball Electronics Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kimball Electronics (NASDAQ:KE)

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