Bank of America Corp DE Sells 125,580 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Bank of America Corp DE trimmed its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,010,341 shares of the electronics maker's stock after selling 125,580 shares during the period. Bank of America Corp DE owned about 4.09% of Kimball Electronics worth $18,924,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in shares of Kimball Electronics by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock worth $211,000 after purchasing an additional 2,528 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Kimball Electronics by 5.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock worth $685,000 after purchasing an additional 1,958 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Kimball Electronics by 34.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,764 shares of the electronics maker's stock worth $866,000 after purchasing an additional 11,935 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Kimball Electronics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker's stock worth $1,533,000 after purchasing an additional 3,939 shares in the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Kimball Electronics by 15.0% during the 4th quarter. Foundry Partners LLC now owns 251,845 shares of the electronics maker's stock worth $4,717,000 after purchasing an additional 32,790 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KE. Lake Street Capital lowered their price objective on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Wall Street Zen raised Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Kimball Electronics has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Kimball Electronics Stock Performance

KE traded down $0.14 during midday trading on Friday, reaching $17.50. The company's stock had a trading volume of 172,620 shares, compared to its average volume of 127,103. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $24.45. The stock has a market cap of $426.65 million, a P/E ratio of 54.69 and a beta of 1.11. The company has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $17.43. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $374.61 million during the quarter, compared to the consensus estimate of $338.08 million. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Research analysts expect that Kimball Electronics, Inc. will post 0.89 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.