Kimball Electronics, Inc. $KE Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 19.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 837,443 shares of the electronics maker’s stock after buying an additional 139,029 shares during the period. American Century Companies Inc. owned about 3.43% of Kimball Electronics worth $25,006,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of KE. Vanguard Group Inc. raised its position in Kimball Electronics by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,947,286 shares of the electronics maker’s stock worth $58,146,000 after acquiring an additional 31,033 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Kimball Electronics by 70.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 411,921 shares of the electronics maker’s stock worth $7,921,000 after purchasing an additional 169,735 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Kimball Electronics by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 350,253 shares of the electronics maker’s stock worth $6,735,000 after purchasing an additional 11,023 shares during the period. AQR Capital Management LLC grew its stake in shares of Kimball Electronics by 24.0% during the 1st quarter. AQR Capital Management LLC now owns 259,734 shares of the electronics maker’s stock worth $4,273,000 after purchasing an additional 50,245 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Kimball Electronics in the 3rd quarter valued at about $6,846,000. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KE has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research note on Friday, January 9th. Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kimball Electronics currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Trading Down 6.8%

Shares of KE stock opened at $22.63 on Monday. The stock has a market cap of $547.87 million, a P/E ratio of 23.57, a P/E/G ratio of 0.83 and a beta of 1.20. The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.22. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $33.19. The business has a fifty day simple moving average of $27.52 and a 200-day simple moving average of $28.63.

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

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.