LSV Asset Management Trims Holdings in Kimball Electronics, Inc. $KE

LSV Asset Management lowered its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 90.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,900 shares of the electronics maker’s stock after selling 162,123 shares during the quarter. LSV Asset Management owned approximately 0.07% of Kimball Electronics worth $505,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in Kimball Electronics in the third quarter worth $31,000. Raymond James Financial Inc. bought a new position in Kimball Electronics in the 2nd quarter worth $34,000. Tower Research Capital LLC TRC lifted its position in shares of Kimball Electronics by 197.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 1,901 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Kimball Electronics by 441.6% during the 3rd quarter. New York State Teachers Retirement System now owns 2,199 shares of the electronics maker’s stock valued at $66,000 after purchasing an additional 1,793 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Kimball Electronics by 9.1% during the 2nd quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker’s stock valued at $156,000 after purchasing an additional 678 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Performance

Kimball Electronics stock opened at $24.48 on Wednesday. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $33.19. The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $592.66 million, a P/E ratio of 25.50, a PEG ratio of 0.88 and a beta of 1.20. The stock’s 50 day moving average is $28.70 and its 200 day moving average is $28.40.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%.The business had revenue of $341.28 million during the quarter, compared to analysts’ expectations of $339.34 million. On average, equities research analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a report on Friday, January 9th. Wall Street Zen raised Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Lake Street Capital restated a “buy” rating and set a $32.00 price target on shares of Kimball Electronics in a research report on Friday, November 7th. Finally, Zacks Research cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.