Front Street Capital Management Inc. Has $703,000 Stock Holdings in Kimball Electronics, Inc. $KE

Key Points

• Front Street Capital Management Inc. reduced its stake in Kimball Electronics by 40.3%, selling 28,823 shares and holding a total of 42,714 shares valued at approximately $703,000.
• Several hedge funds including AQR Capital Management LLC and Bridgeway Capital Management LLC have increased their positions in Kimball Electronics, indicating strong institutional interest with 75.99% of shares owned by institutional investors.
• Wall Street analysts have a positive outlook on Kimball Electronics, with a majority upgrading their ratings to "strong-buy" and adjusting the price target to $28.00.

Front Street Capital Management Inc. reduced its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 40.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,714 shares of the electronics maker's stock after selling 28,823 shares during the period. Front Street Capital Management Inc. owned about 0.18% of Kimball Electronics worth $703,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Kimball Electronics by 3,256.0% in the 1st quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after purchasing an additional 4,070 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Kimball Electronics in the 1st quarter valued at approximately $177,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Kimball Electronics in the 1st quarter valued at approximately $200,000. Graham Capital Management L.P. purchased a new stake in shares of Kimball Electronics in the 4th quarter valued at approximately $201,000. Finally, Point72 Asset Management L.P. increased its position in shares of Kimball Electronics by 17.0% in the 4th quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock valued at $204,000 after purchasing an additional 1,584 shares during the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Up 1.9%

NASDAQ KE traded up $0.58 during trading on Wednesday, reaching $30.34. The company's stock had a trading volume of 192,371 shares, compared to its average volume of 167,359. Kimball Electronics, Inc. has a 1-year low of $12.41 and a 1-year high of $30.75. The stock has a market capitalization of $739.69 million, a PE ratio of 45.28 and a beta of 1.28. The company has a current ratio of 2.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $23.09 and a 200-day moving average price of $18.98.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced 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. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The business had revenue of $380.47 million for the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. On average, research analysts forecast that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Lake Street Capital lifted their price target 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. B. Riley restated a "buy" rating on shares of Kimball Electronics in a report on Thursday, August 14th. Finally, Wall Street Zen raised shares of Kimball Electronics from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to MarketBeat, Kimball Electronics presently has a consensus rating of "Buy" and an average price target of $28.00.

About Kimball Electronics

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.