Kimball Electronics, Inc. $KE Position Lessened by Invesco Ltd.

Invesco Ltd. reduced its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,579 shares of the electronics maker's stock after selling 9,314 shares during the quarter. Invesco Ltd. owned 0.24% of Kimball Electronics worth $964,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings 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 valued at $69,000 after buying an additional 4,070 shares during the period. Graham Capital Management L.P. purchased a new stake in shares of Kimball Electronics during the 4th quarter valued at about $201,000. Point72 Asset Management L.P. raised its holdings in shares of Kimball Electronics by 17.0% during the 4th quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock valued at $204,000 after buying an additional 1,584 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Kimball Electronics during the 1st quarter valued at about $200,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kimball Electronics by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker's stock valued at $263,000 after buying an additional 608 shares during the period. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on KE shares. Wall Street Zen raised Kimball Electronics from a "buy" rating to a "strong-buy" rating in a report on Monday, September 1st. Zacks Research raised Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. B. Riley reissued a "buy" rating on shares of Kimball Electronics in a report on Thursday, August 14th. Finally, Lake Street Capital increased their price target on Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $28.00.

Kimball Electronics Stock Performance

Shares of KE traded up $0.14 during mid-day trading on Friday, hitting $29.90. The stock had a trading volume of 274,935 shares, compared to its average volume of 301,667. The company has a market cap of $728.96 million, a PE ratio of 44.63 and a beta of 1.28. The company's fifty day simple moving average is $22.46 and its two-hundred day simple moving average is $18.74. The company has a quick ratio of 1.34, a current ratio of 2.20 and a debt-to-equity ratio of 0.23. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $29.99.

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

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.