Invesco Ltd. Sells 9,314 Shares of Kimball Electronics, Inc. $KE

Invesco Ltd. lowered its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,579 shares of the electronics maker’s stock after selling 9,314 shares during the period. Invesco Ltd. owned about 0.24% of Kimball Electronics worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in Kimball Electronics by 45.4% in the first quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock valued at $5,580,000 after purchasing an additional 105,889 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Kimball Electronics by 34.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker’s stock valued at $4,946,000 after purchasing an additional 77,272 shares in the last quarter. Northern Trust Corp grew its position in Kimball Electronics by 17.9% in the fourth 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 in the last quarter. Bridgeway Capital Management LLC grew its position in Kimball Electronics by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 159,047 shares of the electronics maker’s stock valued at $2,979,000 after purchasing an additional 3,939 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Kimball Electronics by 37.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 145,602 shares of the electronics maker’s stock valued at $2,727,000 after acquiring an additional 39,743 shares during the period. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Trading Up 0.7%

Shares of NASDAQ KE opened at $29.06 on Wednesday. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $29.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 2.20. The firm has a 50 day moving average price of $21.83 and a two-hundred day moving average price of $18.48. The stock has a market cap of $708.48 million, a P/E ratio of 43.37 and a beta of 1.28.

Kimball Electronics (NASDAQ:KE) last posted its quarterly 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. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The business had revenue of $380.47 million during the quarter, compared to analysts’ expectations of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on KE. B. Riley reissued a “buy” rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Lake Street Capital boosted their price target on Kimball Electronics from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Wall Street Zen raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Zacks Research raised Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $28.00.

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.