Kimball Electronics (NASDAQ:KE) Hits New 12-Month High - Should You 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. The stock had previously closed at $29.90.

Analysts Set New Price Targets

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

Kimball Electronics Stock Up 2.1%

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 stock has a 50-day simple moving average of $22.68 and a 200-day simple moving average of $18.82. The company has a market cap of $744.08 million, a price-to-earnings ratio of 45.55 and a beta of 1.28.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, topping 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 company 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, analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Institutional Trading of Kimball Electronics

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming bought a new stake in shares of Kimball Electronics in the 2nd quarter worth $405,000. Tower Research Capital LLC TRC raised its stake in shares of Kimball Electronics by 197.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker's stock worth $55,000 after buying an additional 1,901 shares in the last quarter. Man Group plc bought a new stake in shares of Kimball Electronics in the 2nd quarter worth $494,000. Lazard Asset Management LLC raised its stake in shares of Kimball Electronics by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker's stock worth $1,229,000 after buying an additional 561 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Kimball Electronics by 5.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 174,397 shares of the electronics maker's stock worth $3,354,000 after buying an additional 8,547 shares in the last quarter. Institutional investors own 75.99% of the company's stock.

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.

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