139,498 Shares in Kimball Electronics, Inc. $KE Acquired by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 139,498 shares of Kimball Electronics during the second quarter, worth approximately $3.57 million and representing about 0.58% of the company. Institutional investors and hedge funds collectively own 75.99% of the stock.
• Kimball Electronics shares opened at $23.90, while the company’s latest quarterly results missed expectations: adjusted EPS was a $0.01 loss versus the $0.39 consensus estimate, and revenue totaled $371.57 million.
• Analyst sentiment remains mixed but leans positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $32.00, compared with its recent price near $24.

Empowered Funds LLC bought a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 139,498 shares of the electronics maker's stock, valued at approximately $3,571,000. Empowered Funds LLC owned about 0.58% of Kimball Electronics at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Comerica Bank raised its holdings in shares of Kimball Electronics by 1.2% in the fourth quarter. Comerica Bank now owns 27,812 shares of the electronics maker's stock worth $774,000 after buying an additional 336 shares during the last quarter. Barclays PLC lifted its stake in shares of Kimball Electronics by 0.7% during the fourth quarter. Barclays PLC now owns 69,334 shares of the electronics maker's stock worth $1,929,000 after buying an additional 498 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Kimball Electronics by 0.9% during the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker's stock valued at $1,229,000 after buying an additional 561 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kimball Electronics by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker's stock valued at $242,000 after buying an additional 624 shares during the last quarter. Finally, CWM LLC increased its position in shares of Kimball Electronics by 135.2% in the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker's stock valued at $35,000 after acquiring an additional 715 shares during the period. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Stock Up 1.2%

NASDAQ:KE opened at $23.90 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.27. The company's fifty day moving average price is $24.79 and its 200-day moving average price is $25.00. Kimball Electronics, Inc. has a 1-year low of $21.01 and a 1-year high of $33.19. The firm has a market capitalization of $572.88 million, a P/E ratio of 21.15, a PEG ratio of 1.00 and a beta of 1.20.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). Kimball Electronics had a net margin of 1.95% and a return on equity of 4.41%. The business had revenue of $371.57 million for the quarter, compared to analyst estimates of $373.63 million. As a group, equities research analysts anticipate that Kimball Electronics, Inc. will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered 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 note on Monday, July 6th. KeyCorp started coverage on Kimball Electronics in a report on Thursday, July 2nd. They issued a "sector weight" rating on the stock. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kimball Electronics in a report on Tuesday, August 4th. One equities research 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 stock. Based on data from MarketBeat.com, Kimball Electronics presently has an average rating of "Moderate Buy" and an average target price of $32.00.

Kimball Electronics 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.

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