LSV Asset Management Trims Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

LSV Asset Management lessened its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 473,732 shares of the electronics maker’s stock after selling 3,900 shares during the quarter. LSV Asset Management owned about 1.90% of Kimball Electronics worth $10,413,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KE. Vanguard Group Inc. raised its stake in shares of Kimball Electronics by 45.9% during the first quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker’s stock worth $39,154,000 after purchasing an additional 569,015 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Kimball Electronics by 80.9% during the second quarter. Assenagon Asset Management S.A. now owns 273,636 shares of the electronics maker’s stock worth $6,015,000 after purchasing an additional 122,336 shares during the last quarter. Oxford Financial Group LTD. LLC raised its stake in shares of Kimball Electronics by 35.4% during the fourth quarter. Oxford Financial Group LTD. LLC now owns 463,536 shares of the electronics maker’s stock worth $12,492,000 after purchasing an additional 121,076 shares during the last quarter. Grace & White Inc. NY raised its stake in shares of Kimball Electronics by 30.0% during the first quarter. Grace & White Inc. NY now owns 185,377 shares of the electronics maker’s stock worth $4,013,000 after purchasing an additional 42,739 shares during the last quarter. Finally, Foundry Partners LLC raised its position in Kimball Electronics by 25.2% in the first quarter. Foundry Partners LLC now owns 197,225 shares of the electronics maker’s stock worth $4,270,000 after acquiring an additional 39,755 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Down 1.3 %

Kimball Electronics stock opened at $17.37 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26. The firm has a market capitalization of $431.97 million, a price-to-earnings ratio of 13.57 and a beta of 1.26. Kimball Electronics, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $29.09. The stock’s fifty day moving average is $20.43 and its two-hundred day moving average is $21.25.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.08). The firm had revenue of $430.16 million during the quarter, compared to analyst estimates of $429.00 million. Kimball Electronics had a net margin of 1.20% and a return on equity of 6.65%. During the same period last year, the company posted $0.76 EPS. Analysts predict that Kimball Electronics, Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KE. B. Riley cut their price objective on Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Lake Street Capital cut their price objective on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Cantor Fitzgerald cut their price objective on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. EF Hutton Acquisition Co. I cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Sidoti cut Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Kimball Electronics has a consensus rating of “Moderate Buy” and an average price target of $23.25.

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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.