Kimball Electronics (NASDAQ:KE) Hits New 52-Week High - Still a Buy?

Key Points

• Kimball Electronics hit a new 52-week high of $29.11 during trading, reflecting increased interest and activity in the stock.
• Analysts have a consensus rating of "Buy" for Kimball Electronics, with a significant price target increase to $28.00 from multiple firms.
• The company reported better-than-expected quarterly earnings of $0.34 per share, surpassing analysts' estimates and achieving a revenue of $380.47 million.

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.11 and last traded at $29.06, with a volume of 309290 shares traded. The stock had previously closed at $28.87.

Analysts Set New Price Targets

KE has been the topic of a number of analyst reports. Lake Street Capital upped 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 raised shares of Kimball Electronics from a "buy" rating to a "strong-buy" rating in a research report on Monday, September 1st. B. Riley restated a "buy" rating on shares of Kimball Electronics in a report on Thursday, August 14th. Finally, Zacks Research raised shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Kimball Electronics currently has a consensus rating of "Buy" and an average target price of $28.00.

Kimball Electronics Price Performance

The firm has a market cap of $728.96 million, a P/E ratio of 44.63 and a beta of 1.28. The business's fifty day simple moving average is $22.46 and its 200-day simple moving average is $18.73. The company has a current ratio of 2.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23.

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 (EPS) 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 company had revenue of $380.47 million for the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. As a group, analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Kimball Electronics

Several hedge funds have recently bought and sold shares of KE. Founders Capital Management bought a new position in Kimball Electronics in the 2nd quarter valued at $29,000. Raymond James Financial Inc. bought a new position in shares of Kimball Electronics in the second quarter worth $34,000. Tower Research Capital LLC TRC raised its position in shares of Kimball Electronics by 197.2% in the second 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. GAMMA Investing LLC boosted its stake in Kimball Electronics by 3,256.0% during the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after buying an additional 4,070 shares during the period. Finally, Morgan Dempsey Capital Management LLC grew its position in Kimball Electronics by 12.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock worth $144,000 after buying an additional 806 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

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.