Kimball Electronics, Inc. $KE Stock Holdings Boosted by Inspire Investing LLC

Inspire Investing LLC increased its position in Kimball Electronics, Inc. (NASDAQ:KE) by 133.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,426 shares of the electronics maker’s stock after acquiring an additional 27,136 shares during the period. Inspire Investing LLC owned approximately 0.19% of Kimball Electronics worth $1,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Kimball Electronics during the first quarter valued at approximately $4,036,000. CSM Advisors LLC acquired a new stake in Kimball Electronics in the 2nd quarter valued at approximately $4,068,000. Arrowstreet Capital Limited Partnership raised its stake in Kimball Electronics by 70.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 411,921 shares of the electronics maker’s stock valued at $7,921,000 after acquiring an additional 169,735 shares in the last quarter. American Century Companies Inc. boosted its position in Kimball Electronics by 18.6% during the 2nd quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker’s stock worth $13,431,000 after acquiring an additional 109,553 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Kimball Electronics in the second quarter worth $2,017,000. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Trading Down 0.4%

Shares of NASDAQ:KE opened at $28.98 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.21. The stock has a market capitalization of $705.37 million, a price-to-earnings ratio of 30.51, a PEG ratio of 1.07 and a beta of 1.15. Kimball Electronics, Inc. has a 1-year low of $12.41 and a 1-year high of $33.19. The company has a 50 day moving average price of $28.88 and a 200 day moving average price of $25.85.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.25. The company had revenue of $365.60 million for the quarter, compared to analysts’ expectations of $338.43 million. Kimball Electronics had a return on equity of 6.28% and a net margin of 1.62%. On average, research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KE. Lake Street Capital restated a “buy” rating and set a $32.00 price objective on shares of Kimball Electronics in a research note on Friday, November 7th. Zacks Research upgraded shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, October 14th. Finally, B. Riley reaffirmed a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $32.00.

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.