Foundry Partners LLC lowered its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 14.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,555 shares of the electronics maker's stock after selling 35,290 shares during the quarter. Foundry Partners LLC owned 0.88% of Kimball Electronics worth $3,562,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Peapod Lane Capital LLC acquired a new position in shares of Kimball Electronics during the first quarter worth $519,000. Linden Thomas Advisory Services LLC grew its stake in shares of Kimball Electronics by 17.2% during the first quarter. Linden Thomas Advisory Services LLC now owns 33,975 shares of the electronics maker's stock worth $559,000 after purchasing an additional 4,983 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Kimball Electronics by 45.4% during the first quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker's stock worth $5,580,000 after purchasing an additional 105,889 shares in the last quarter. KPP Advisory Services LLC acquired a new position in shares of Kimball Electronics during the first quarter worth $237,000. Finally, Cardinal Capital Management grew its stake in shares of Kimball Electronics by 7.2% during the first quarter. Cardinal Capital Management now owns 98,916 shares of the electronics maker's stock worth $1,627,000 after purchasing an additional 6,653 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.
Kimball Electronics Trading Up 0.1%
NASDAQ KE opened at $19.38 on Friday. The stock has a market capitalization of $472.48 million, a P/E ratio of 27.30 and a beta of 1.19. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $24.45. The firm has a 50-day moving average price of $18.90 and a 200 day moving average price of $17.41. The company has a quick ratio of 1.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.27.
Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $374.61 million during the quarter, compared to analysts' expectations of $338.08 million. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. Equities research analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.75.
Get Our Latest Analysis on Kimball Electronics
Kimball Electronics Company Profile
(
Free Report)
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.
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