Earnest Partners LLC Increases Stock Position in Kimball Electronics, Inc. $KE

Key Points

• Earnest Partners LLC has increased its stake in Kimball Electronics by 10.3%, owning a total of 691,417 shares valued at approximately $11.37 million.
• Analysts have a consensus rating of "Buy" for Kimball Electronics, with a target price of $28.00 per share, indicating expected growth.
• Kimball Electronics reported earnings of $0.34 per share, significantly exceeding the consensus estimate of $0.20, with revenue of $380.47 million surpassing expectations as well.

Earnest Partners LLC lifted its stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 691,417 shares of the electronics maker's stock after acquiring an additional 64,307 shares during the period. Earnest Partners LLC owned 2.84% of Kimball Electronics worth $11,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of KE. GAMMA Investing LLC raised its stake in shares of Kimball Electronics by 3,256.0% during the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock worth $69,000 after purchasing an additional 4,070 shares in the last quarter. Aquatic Capital Management LLC boosted its stake in shares of Kimball Electronics by 211.6% in the 4th quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock valued at $163,000 after purchasing an additional 5,926 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Kimball Electronics during the 1st quarter valued at about $177,000. Y Intercept Hong Kong Ltd bought a new position in shares of Kimball Electronics during the first quarter worth about $200,000. Finally, Graham Capital Management L.P. acquired a new position in Kimball Electronics during the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 75.99% of the company's stock.

Kimball Electronics Stock Performance

Kimball Electronics stock traded up $0.01 during trading hours on Monday, hitting $28.87. 187,257 shares of the stock traded hands, compared to its average volume of 274,221. The firm's 50 day moving average price is $21.44 and its 200-day moving average price is $18.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.34. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $29.11. The stock has a market capitalization of $703.85 million, a price-to-earnings ratio of 43.09 and a beta of 1.28.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.14. The business had revenue of $380.47 million during the quarter, compared to analysts' expectations 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. As a group, equities analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KE shares. B. Riley reissued a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Zacks Research raised shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Lake Street Capital upped their price objective on shares of Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Finally, Wall Street Zen upgraded Kimball Electronics from a "buy" rating to a "strong-buy" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $28.00.

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.