Wedge Capital Management L L P NC Buys 36,621 Shares of Kimball Electronics, Inc. $KE

Wedge Capital Management L L P NC raised its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 37.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 133,860 shares of the electronics maker’s stock after acquiring an additional 36,621 shares during the period. Wedge Capital Management L L P NC’s holdings in Kimball Electronics were worth $3,427,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KE. Quarry LP bought a new stake in Kimball Electronics during the 3rd quarter valued at approximately $28,000. CWM LLC boosted its stake in Kimball Electronics by 135.2% in the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Kimball Electronics in the fourth quarter worth approximately $35,000. Kestra Advisory Services LLC purchased a new stake in Kimball Electronics during the 4th quarter valued at $38,000. Finally, California State Teachers Retirement System boosted its position in shares of Kimball Electronics by 99.7% during the fourth quarter. California State Teachers Retirement System now owns 1,498 shares of the electronics maker’s stock valued at $42,000 after buying an additional 748 shares during the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KE. KeyCorp assumed coverage on Kimball Electronics in a research report on Thursday, July 2nd. They set a “sector weight” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Wall Street Zen lowered shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Zacks Research raised Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Price Performance

Shares of KE stock opened at $26.03 on Friday. The company’s 50-day simple moving average is $25.13 and its two-hundred day simple moving average is $25.38. The company has a market capitalization of $626.02 million, a P/E ratio of 23.04, a P/E/G ratio of 1.12 and a beta of 1.23. Kimball Electronics, Inc. has a one year low of $21.01 and a one year high of $33.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $371.57 million for the quarter, compared to the consensus estimate of $373.36 million. Kimball Electronics had a net margin of 1.95% and a return on equity of 4.42%. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 1.13 EPS for the current year.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.