Empowered Funds LLC Acquires 3,886 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Empowered Funds LLC grew its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 5.2% in the third quarter, HoldingsChannel.com reports. The fund owned 77,908 shares of the electronics maker’s stock after purchasing an additional 3,886 shares during the period. Empowered Funds LLC’s holdings in Kimball Electronics were worth $1,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KE. Victory Capital Management Inc. raised its position in Kimball Electronics by 3.5% during the third quarter. Victory Capital Management Inc. now owns 63,129 shares of the electronics maker’s stock valued at $1,169,000 after purchasing an additional 2,145 shares in the last quarter. US Bancorp DE raised its holdings in shares of Kimball Electronics by 230.0% during the 3rd quarter. US Bancorp DE now owns 64,340 shares of the electronics maker’s stock valued at $1,191,000 after buying an additional 44,843 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Kimball Electronics by 11.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock valued at $5,620,000 after buying an additional 29,993 shares in the last quarter. Grace & White Inc. NY lifted its position in Kimball Electronics by 38.5% in the 3rd quarter. Grace & White Inc. NY now owns 256,777 shares of the electronics maker’s stock worth $4,753,000 after buying an additional 71,400 shares during the last quarter. Finally, Cardinal Capital Management boosted its stake in Kimball Electronics by 14.4% in the third quarter. Cardinal Capital Management now owns 89,804 shares of the electronics maker’s stock worth $1,662,000 after buying an additional 11,331 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kimball Electronics Trading Up 2.2 %

NASDAQ:KE opened at $19.53 on Friday. The firm has a market capitalization of $482.00 million, a P/E ratio of 38.29 and a beta of 1.26. The company has a quick ratio of 1.30, a current ratio of 2.28 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $18.44 and a 200 day moving average of $20.25. Kimball Electronics, Inc. has a 52 week low of $16.64 and a 52 week high of $27.73.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Monday, November 4th. The electronics maker reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $374.26 million during the quarter, compared to the consensus estimate of $376.70 million. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, research analysts predict that Kimball Electronics, Inc. will post 0.96 earnings per share for the current year.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.