Kimball Electronics, Inc. $KE Stake Boosted by Inspire Investing LLC

Inspire Investing LLC raised its position in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 459.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,989 shares of the electronics maker’s stock after buying an additional 76,367 shares during the quarter. Inspire Investing LLC’s holdings in Kimball Electronics were worth $2,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Kimball Electronics during the third 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 during the period. Farther Finance Advisors LLC purchased a new position in Kimball Electronics during the 4th quarter worth approximately $35,000. Kestra Advisory Services LLC purchased a new position in Kimball Electronics during the 4th quarter worth approximately $38,000. Finally, California State Teachers Retirement System raised its stake in Kimball Electronics by 99.7% during the 4th quarter. California State Teachers Retirement System now owns 1,498 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 748 shares during the period. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Performance

KE stock opened at $25.60 on Wednesday. The firm has a 50 day moving average of $25.65 and a two-hundred day moving average of $26.35. Kimball Electronics, Inc. has a 12 month low of $18.04 and a 12 month high of $33.19. The company has a market capitalization of $615.65 million, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.03 and a beta of 1.22. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%.The company had revenue of $352.92 million during the quarter, compared to analyst estimates of $356.27 million. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KE. Wall Street Zen upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Weiss Ratings upgraded Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Finally, Zacks Research raised Kimball Electronics from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Kimball Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

About Kimball Electronics

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.