Counterpoint Mutual Funds LLC Invests $2.34 Million in Kimball Electronics, Inc. $KE

Counterpoint Mutual Funds LLC acquired a new stake in Kimball Electronics, Inc. (NASDAQ:KE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,267 shares of the electronics maker’s stock, valued at approximately $2,337,000. Counterpoint Mutual Funds LLC owned about 0.32% of Kimball Electronics at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KE. State of Alaska Department of Revenue purchased a new stake in shares of Kimball Electronics in the third quarter valued at about $31,000. Raymond James Financial Inc. acquired a new position in shares of Kimball Electronics during the 2nd quarter worth approximately $34,000. PNC Financial Services Group Inc. raised its position in shares of Kimball Electronics by 78.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,187 shares of the electronics maker’s stock worth $65,000 after purchasing an additional 964 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Kimball Electronics by 441.6% in 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 buying an additional 1,793 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Kimball Electronics by 197.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after buying an additional 1,901 shares during the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Kimball Electronics Stock Down 0.1%

KE opened at $25.02 on Tuesday. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $33.19. The business has a 50-day moving average of $28.24 and a two-hundred day moving average of $28.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.21 and a quick ratio of 1.31. The stock has a market capitalization of $605.73 million, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 0.91 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Zacks Research cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Wall Street Zen downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Lake Street Capital restated a “buy” rating and issued a $32.00 target price on shares of Kimball Electronics in a report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.