245,378 Shares in Kimball Electronics, Inc. $KE Acquired by Nuveen LLC

Nuveen LLC purchased a new position in Kimball Electronics, Inc. (NASDAQ:KE) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 245,378 shares of the electronics maker’s stock, valued at approximately $4,036,000. Nuveen LLC owned 1.01% of Kimball Electronics at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KE. Envestnet Asset Management Inc. boosted its position in Kimball Electronics by 45.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock worth $5,580,000 after purchasing an additional 105,889 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kimball Electronics by 34.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker’s stock valued at $4,946,000 after buying an additional 77,272 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Kimball Electronics in the 4th quarter valued at $1,135,000. Lazard Asset Management LLC acquired a new position in Kimball Electronics in the 4th quarter valued at $985,000. Finally, Northern Trust Corp raised its stake in Kimball Electronics by 17.9% in the 4th quarter. Northern Trust Corp now owns 286,411 shares of the electronics maker’s stock valued at $5,364,000 after purchasing an additional 43,403 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KE has been the subject of several recent research reports. Lake Street Capital increased their price objective on Kimball Electronics from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 15th. B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Finally, Wall Street Zen downgraded Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $28.00.

Kimball Electronics Trading Down 1.3%

NASDAQ:KE opened at $28.35 on Thursday. The company has a quick ratio of 1.24, a current ratio of 2.20 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $21.04 and its two-hundred day moving average is $18.14. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $28.99. The company has a market cap of $691.17 million, a PE ratio of 42.31 and a beta of 1.22.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $380.47 million for the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%. Kimball Electronics has set its FY 2025 guidance at EPS. On average, analysts predict that Kimball Electronics, Inc. will post 0.89 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, 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.