Vanguard Group Inc. Decreases Position in Kimball Electronics, Inc. $KE

Key Points

• Vanguard Group Inc. has reduced its stake in Kimball Electronics by 1.8%, now owning 1,910,620 shares valued at approximately $31.43 million.
• In contrast, Envestnet Asset Management Inc. significantly increased its holdings in Kimball Electronics by 45.4% during the first quarter, leading a trend where institutional investors are actively shifting their stakes.
• Stock analysts maintain a consensus rating of "Buy" for Kimball Electronics, with a target price raised to $28.00, following recent positive earnings exceeding expectations.

Vanguard Group Inc. cut its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,910,620 shares of the electronics maker's stock after selling 34,936 shares during the period. Vanguard Group Inc. owned 7.78% of Kimball Electronics worth $31,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Kimball Electronics by 45.4% in the first quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker's stock worth $5,580,000 after buying an additional 105,889 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Kimball Electronics in the fourth quarter worth approximately $1,135,000. Lazard Asset Management LLC purchased a new stake in shares of Kimball Electronics in the fourth quarter worth approximately $985,000. Northern Trust Corp raised its holdings in shares of Kimball Electronics by 17.9% in the fourth quarter. Northern Trust Corp now owns 286,411 shares of the electronics maker's stock worth $5,364,000 after buying an additional 43,403 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Kimball Electronics by 116.8% in the fourth quarter. Two Sigma Advisers LP now owns 78,700 shares of the electronics maker's stock worth $1,474,000 after buying an additional 42,400 shares during the period. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KE has been the topic of several research analyst reports. Lake Street Capital increased their price objective on Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. B. Riley reissued a "buy" rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Finally, Wall Street Zen cut Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $28.00.

Kimball Electronics Stock Performance

Shares of KE stock opened at $28.35 on Thursday. The firm has a market capitalization of $691.17 million, a price-to-earnings ratio of 42.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.24. The business has a fifty day moving average of $21.04 and a 200 day moving average of $18.14. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $28.99.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.14. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%.The business had revenue of $380.47 million during the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, research 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.

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