Martingale Asset Management L P Takes Position in Kimball Electronics, Inc. (NASDAQ:KE)

Martingale Asset Management L P acquired a new stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 58,071 shares of the electronics maker's stock, valued at approximately $1,088,000. Martingale Asset Management L P owned 0.24% of Kimball Electronics as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in Kimball Electronics by 67.8% during the third quarter. FMR LLC now owns 41,086 shares of the electronics maker's stock worth $760,000 after buying an additional 16,608 shares in the last quarter. BNP Paribas Financial Markets raised its position in Kimball Electronics by 271.3% during the third quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker's stock valued at $516,000 after purchasing an additional 20,385 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kimball Electronics by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker's stock worth $1,768,000 after purchasing an additional 556 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Kimball Electronics in the 3rd quarter valued at $172,000. Finally, State Street Corp raised its holdings in shares of Kimball Electronics by 1.4% during the 3rd quarter. State Street Corp now owns 565,069 shares of the electronics maker's stock worth $10,459,000 after buying an additional 7,864 shares in the last quarter. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Trading Up 0.6 %

Shares of Kimball Electronics stock traded up $0.08 during trading on Friday, hitting $13.18. The company's stock had a trading volume of 101,343 shares, compared to its average volume of 120,666. The stock has a market cap of $323.63 million, a price-to-earnings ratio of 41.19 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $24.45. The stock has a 50-day moving average price of $16.13 and a two-hundred day moving average price of $17.80.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Equities research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Lake Street Capital lowered their target price on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $22.75.

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.