Principal Financial Group Inc. Purchases New Shares in Kimball Electronics, Inc. $KE

Principal Financial Group Inc. acquired a new position in Kimball Electronics, Inc. (NASDAQ:KE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,577 shares of the electronics maker’s stock, valued at approximately $913,000. Principal Financial Group Inc. owned approximately 0.13% of Kimball Electronics at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new position in shares of Kimball Electronics in the 3rd quarter worth approximately $543,000. Dynamic Technology Lab Private Ltd grew its stake in Kimball Electronics by 112.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 44,054 shares of the electronics maker’s stock worth $847,000 after purchasing an additional 23,274 shares during the period. American Century Companies Inc. raised its holdings in Kimball Electronics by 18.6% in the second quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker’s stock worth $13,431,000 after purchasing an additional 109,553 shares in the last quarter. CSM Advisors LLC bought a new position in Kimball Electronics in the second quarter worth $4,068,000. Finally, Integrated Quantitative Investments LLC purchased a new position in Kimball Electronics during the second quarter valued at $254,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Kimball Electronics Stock Up 1.3%

Kimball Electronics stock opened at $24.81 on Thursday. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $33.19. The stock has a fifty day simple moving average of $28.57 and a two-hundred day simple moving average of $28.38. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22. The firm has a market cap of $600.65 million, a price-to-earnings ratio of 25.84, a PEG ratio of 0.89 and a beta of 1.20.

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

Kimball Electronics Company 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.