American Century Companies Inc. Increases Position in Kimball Electronics, Inc. $KE

Key Points

• American Century Companies Inc. increased its stake in Kimball Electronics by 20.2%, acquiring an additional 98,965 shares and bringing its total ownership to 588,861 shares valued at approximately $9.7 million.
• Multiple institutional investors, including Two Sigma Investments LP and GAMMA Investing LLC, significantly increased their holdings in Kimball Electronics, reflecting a strong interest in the company.
• Analysts have set a new average price target of $28.00 with a consensus rating of "Buy," following recent positive earnings results, where Kimball Electronics reported an EPS of $0.34, exceeding estimates.

American Century Companies Inc. grew its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,861 shares of the electronics maker's stock after buying an additional 98,965 shares during the period. American Century Companies Inc. owned 2.42% of Kimball Electronics worth $9,687,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KE. Legal & General Group Plc grew its stake in shares of Kimball Electronics by 32.1% in the 4th quarter. Legal & General Group Plc now owns 26,903 shares of the electronics maker's stock valued at $504,000 after buying an additional 6,532 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Kimball Electronics in the 4th quarter valued at approximately $397,000. Barclays PLC grew its stake in shares of Kimball Electronics by 6.5% in the 4th quarter. Barclays PLC now owns 69,997 shares of the electronics maker's stock valued at $1,312,000 after buying an additional 4,248 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Kimball Electronics by 18.8% in the 4th quarter. MetLife Investment Management LLC now owns 16,286 shares of the electronics maker's stock worth $305,000 after acquiring an additional 2,580 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Kimball Electronics by 5.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock worth $685,000 after acquiring an additional 1,958 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

Kimball Electronics Stock Up 0.0%

Kimball Electronics stock traded up $0.01 during mid-day trading on Friday, reaching $28.87. 187,257 shares of the company's stock were exchanged, compared to its average volume of 270,297. The company has a market cap of $703.85 million, a P/E ratio of 43.09 and a beta of 1.22. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $29.11. The company has a quick ratio of 1.24, a current ratio of 2.20 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $21.44 and a 200-day moving average of $18.31.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.14. The company had revenue of $380.47 million for the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. Kimball Electronics has set its FY 2025 guidance at EPS. Sell-side analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on KE. Lake Street Capital upped their price objective on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Wall Street Zen lowered shares of Kimball Electronics from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 24th. Finally, B. Riley restated a "buy" rating on shares of Kimball Electronics in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $28.00.

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.