Kimball Electronics, Inc. (NASDAQ:KE) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC increased its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,845 shares of the electronics maker’s stock after purchasing an additional 32,790 shares during the period. Foundry Partners LLC’s holdings in Kimball Electronics were worth $4,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Kimball Electronics by 96.4% in the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock valued at $1,218,000 after buying an additional 32,271 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kimball Electronics by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock worth $1,768,000 after purchasing an additional 556 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Kimball Electronics by 271.3% in the third quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker’s stock valued at $516,000 after purchasing an additional 20,385 shares during the last quarter. Geode Capital Management LLC lifted its position in Kimball Electronics by 0.7% during the third quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker’s stock worth $10,686,000 after buying an additional 4,044 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after buying an additional 2,528 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Down 3.1 %

KE opened at $13.28 on Friday. Kimball Electronics, Inc. has a 1 year low of $12.57 and a 1 year high of $24.45. The firm has a 50 day moving average price of $17.09 and a 200 day moving average price of $18.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The company has a market cap of $326.09 million, a PE ratio of 41.50 and a beta of 1.21.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Sell-side analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

KE has been the subject of a number of research analyst reports. Lake Street Capital dropped their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Kimball Electronics 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.