American Century Companies Inc. Purchases 98,965 Shares of Kimball Electronics, Inc. $KE

American Century Companies Inc. boosted its position in Kimball Electronics, Inc. (NASDAQ:KE) by 20.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 588,861 shares of the electronics maker’s stock after acquiring an additional 98,965 shares during the period. American Century Companies Inc. owned 2.42% of Kimball Electronics worth $9,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Two Sigma Investments LP grew its holdings in Kimball Electronics by 37.2% during the 4th quarter. Two Sigma Investments LP now owns 85,364 shares of the electronics maker’s stock valued at $1,599,000 after buying an additional 23,168 shares in the last quarter. GAMMA Investing LLC grew its holdings in Kimball Electronics by 3,256.0% during the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker’s stock valued at $69,000 after buying an additional 4,070 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Kimball Electronics by 81.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 63,392 shares of the electronics maker’s stock valued at $1,043,000 after buying an additional 28,521 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Kimball Electronics by 45.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock valued at $5,580,000 after buying an additional 105,889 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in Kimball Electronics during the 1st quarter valued at about $519,000. 75.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on KE. Lake Street Capital lifted their target price on Kimball Electronics from $21.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 15th. B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a report on Thursday, August 14th. Finally, Wall Street Zen lowered Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $28.00.

Kimball Electronics Stock Up 0.2%

Shares of NASDAQ KE opened at $28.71 on Wednesday. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $28.99. The company has a current ratio of 2.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $699.95 million, a price-to-earnings ratio of 42.85 and a beta of 1.22. The business has a 50-day moving average of $20.85 and a 200-day moving average of $18.07.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.20 by $0.14. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%.The company had revenue of $380.47 million during the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. Sell-side analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal 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, 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.