Wellington Management Group LLP Invests $872,000 in Kimball Electronics, Inc. $KE

Wellington Management Group LLP acquired a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,050 shares of the electronics maker’s stock, valued at approximately $872,000.

Several other hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Kimball Electronics in the 3rd quarter valued at $28,000. Public Employees Retirement System of Ohio acquired a new stake in Kimball Electronics during the 2nd quarter worth about $29,000. Raymond James Financial Inc. purchased a new stake in Kimball Electronics during the 2nd quarter valued at about $34,000. Kestra Advisory Services LLC purchased a new stake in Kimball Electronics during the 4th quarter valued at about $38,000. Finally, California State Teachers Retirement System increased its holdings in shares of Kimball Electronics by 99.7% in the fourth quarter. California State Teachers Retirement System now owns 1,498 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 748 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KE has been the subject of several research analyst reports. Wall Street Zen cut Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Zacks Research upgraded Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Finally, KeyCorp initiated coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Stock Performance

Shares of KE stock opened at $26.17 on Friday. Kimball Electronics, Inc. has a 52-week low of $21.01 and a 52-week high of $33.19. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The stock has a market cap of $627.29 million, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. The business has a 50-day simple moving average of $24.80 and a 200-day simple moving average of $25.03.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $371.57 million for the quarter, compared to analyst estimates of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. On average, equities analysts expect that Kimball Electronics, Inc. will post 1.18 EPS for the current year.

About Kimball Electronics

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.