Kimball Electronics, Inc. $KE Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its stake in Kimball Electronics by 53.3%, now holding 22,475 shares worth $370,000.
• Kimball Electronics reported earnings of $0.34 per share for the last quarter, exceeding analyst expectations of $0.20.
• Several analysts have upgraded Kimball Electronics, with Zacks Research raising its rating to strong-buy and increasing the target price from $21.00 to $28.00.

Russell Investments Group Ltd. decreased its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 53.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,475 shares of the electronics maker's stock after selling 25,674 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Kimball Electronics worth $370,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KE. Raymond James Financial Inc. bought a new stake in Kimball Electronics during the fourth quarter valued at $397,000. Barclays PLC boosted its stake in Kimball Electronics by 6.5% during the fourth quarter. Barclays PLC now owns 69,997 shares of the electronics maker's stock valued at $1,312,000 after buying an additional 4,248 shares during the period. MetLife Investment Management LLC boosted its stake in Kimball Electronics by 18.8% during the fourth quarter. MetLife Investment Management LLC now owns 16,286 shares of the electronics maker's stock valued at $305,000 after buying an additional 2,580 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Kimball Electronics by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock valued at $685,000 after buying an additional 1,958 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Kimball Electronics during the fourth quarter valued at $503,000. Institutional investors own 75.99% of the company's stock.

Kimball Electronics Trading Up 1.2%

Shares of NASDAQ:KE traded up $0.35 during trading on Thursday, reaching $29.63. The company's stock had a trading volume of 90,731 shares, compared to its average volume of 163,815. The company has a current ratio of 2.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $29.58. The firm's 50 day simple moving average is $22.03 and its two-hundred day simple moving average is $18.55. The stock has a market capitalization of $722.40 million, a PE ratio of 44.22 and a beta of 1.28.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.14. The company had revenue of $380.47 million for the quarter, compared to analyst estimates 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. On average, research analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KE shares. Lake Street Capital lifted their price objective on Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Zacks Research raised Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Wall Street Zen upgraded Kimball Electronics from a "buy" rating to a "strong-buy" rating in a research report on Monday. Finally, B. Riley restated a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, Kimball Electronics presently has a consensus rating of "Buy" and an average price target of $28.00.

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.