Strs Ohio Buys Shares of 30,800 Kimball Electronics, Inc. $KE

Key Points

• Strs Ohio has acquired 30,800 shares of Kimball Electronics, valued at approximately $507,000, making up about 0.13% of the company.
• Multiple institutional investors, including Two Sigma Investments and GAMMA Investing, have significantly increased their stakes in Kimball Electronics in the past quarter.
• Analysts have raised their ratings on Kimball Electronics, with a consensus target price of $28.00 and some upgrades to a "strong-buy" rating.

Strs Ohio bought a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 30,800 shares of the electronics maker's stock, valued at approximately $507,000. Strs Ohio owned approximately 0.13% of Kimball Electronics at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 purchasing an additional 608 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Kimball Electronics by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 36,888 shares of the electronics maker's stock valued at $607,000 after purchasing an additional 791 shares during the period. BNP Paribas Financial Markets increased its position in shares of Kimball Electronics by 3.7% during the 4th quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker's stock valued at $542,000 after purchasing an additional 1,039 shares during the period. Point72 Asset Management L.P. increased its position 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 purchasing an additional 1,584 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Kimball Electronics by 5.8% during the 1st quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker's stock valued at $480,000 after purchasing an additional 1,588 shares during the period. Institutional investors own 75.99% of the company's stock.

Kimball Electronics Trading Up 1.1%

Shares of KE traded up $0.34 during midday trading on Monday, hitting $31.93. The stock had a trading volume of 279,364 shares, compared to its average volume of 263,499. 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 firm has a market cap of $778.45 million, a P/E ratio of 28.20 and a beta of 1.28. The business has a 50-day simple moving average of $24.92 and a two-hundred day simple moving average of $19.79. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $33.19.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly 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 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 forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on KE. B. Riley reiterated a "buy" rating on shares of Kimball Electronics in a research report on Thursday, August 14th. Lake Street Capital lifted their price target on Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Wall Street Zen upgraded Kimball Electronics from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. Finally, Zacks Research upgraded Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the company 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.