Legacy Financial Advisors Inc. Has $849,000 Stock Position in Kimball Electronics, Inc. (NASDAQ:KE)

Legacy Financial Advisors Inc. raised its position in Kimball Electronics, Inc. (NASDAQ:KE) by 35.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,503 shares of the electronics maker’s stock after purchasing an additional 8,330 shares during the period. Legacy Financial Advisors Inc. owned approximately 0.13% of Kimball Electronics worth $849,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KE. SG Americas Securities LLC acquired a new stake in shares of Kimball Electronics in the third quarter valued at approximately $252,000. Strs Ohio increased its holdings in Kimball Electronics by 15.5% in the third quarter. Strs Ohio now owns 22,300 shares of the electronics maker’s stock valued at $610,000 after purchasing an additional 3,000 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Kimball Electronics by 43.4% in the third quarter. Teacher Retirement System of Texas now owns 29,010 shares of the electronics maker’s stock worth $794,000 after acquiring an additional 8,779 shares during the period. Annex Advisory Services LLC boosted its stake in shares of Kimball Electronics by 12.4% in the 3rd quarter. Annex Advisory Services LLC now owns 14,671 shares of the electronics maker’s stock valued at $402,000 after purchasing an additional 1,614 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Kimball Electronics during the third quarter valued at $81,000. Institutional investors own 75.99% of the company’s stock.

Analyst Upgrades and Downgrades

KE has been the subject of a number of research analyst reports. Cantor Fitzgerald dropped their price target on Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. B. Riley reduced their target price on Kimball Electronics from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Kimball Electronics Stock Performance

KE traded up $0.18 during trading on Friday, reaching $21.89. 63,049 shares of the company’s stock were exchanged, compared to its average volume of 100,697. The company’s fifty day simple moving average is $21.26 and its 200-day simple moving average is $23.49. The stock has a market capitalization of $544.40 million, a P/E ratio of 10.09 and a beta of 1.31. Kimball Electronics, Inc. has a 1 year low of $19.69 and a 1 year high of $31.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.97 and a quick ratio of 1.00.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Monday, February 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). The business had revenue of $421.24 million for the quarter, compared to analysts’ expectations of $435.60 million. Kimball Electronics had a net margin of 2.97% and a return on equity of 10.37%. As a group, research analysts predict that Kimball Electronics, Inc. will post 1.6 earnings per share for the current fiscal year.

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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.