Kimball Electronics (NASDAQ:KE) Reaches New 12-Month High - Time to Buy?

Key Points

• Kimball Electronics' stock reached a new 52-week high of $30.75, closing last at $30.52 with a trading volume of 405,560 shares.
• Multiple analysts have upgraded the company's rating, with Wall Street Zen moving it to a "strong-buy" and a current average price target of $28.00.
• The company reported strong quarterly earnings, with $0.34 earnings per share, significantly exceeding estimates of $0.20, and revenue of $380.47 million.

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $30.75 and last traded at $30.52, with a volume of 405560 shares traded. The stock had previously closed at $29.90.

Analyst Ratings Changes

Several brokerages recently commented on KE. Wall Street Zen upgraded shares of Kimball Electronics from a "buy" rating to a "strong-buy" rating in a report on Monday, September 1st. B. Riley reiterated a "buy" rating on shares of Kimball Electronics in a report on Thursday, August 14th. Zacks Research upgraded shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 28th. Finally, Lake Street Capital boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $28.00.

Kimball Electronics Stock Performance

The firm's fifty day moving average price is $23.50 and its 200-day moving average price is $19.16. 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 company has a market cap of $745.78 million, a P/E ratio of 45.66 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 (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. The company had revenue of $380.47 million for the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Institutional Trading of Kimball Electronics

Several institutional investors have recently made changes to their positions in KE. Founders Capital Management acquired a new stake in shares of Kimball Electronics during the 2nd quarter valued at about $29,000. Raymond James Financial Inc. acquired a new stake in shares of Kimball Electronics during the 2nd quarter valued at about $34,000. Tower Research Capital LLC TRC boosted its position in shares of Kimball Electronics by 197.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 1,901 shares in the last quarter. GAMMA Investing LLC boosted its position 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 acquiring an additional 4,070 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its position in shares of Kimball Electronics by 12.1% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock valued at $144,000 after acquiring an additional 806 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

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.