American Century Companies Inc. Acquires 109,553 Shares of Kimball Electronics, Inc. $KE

American Century Companies Inc. boosted its holdings in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 18.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 698,414 shares of the electronics maker's stock after acquiring an additional 109,553 shares during the quarter. American Century Companies Inc. owned 2.86% of Kimball Electronics worth $13,431,000 at the end of the most recent quarter.

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Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Kimball Electronics in the first quarter worth approximately $4,036,000. CSM Advisors LLC bought a new stake in Kimball Electronics during the second quarter worth $4,068,000. Brandywine Global Investment Management LLC purchased a new stake in Kimball Electronics in the 2nd quarter valued at $2,017,000. Wedge Capital Management L L P NC bought a new position in Kimball Electronics during the 2nd quarter valued at $1,796,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kimball Electronics by 34.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker's stock worth $4,946,000 after acquiring an additional 77,272 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on KE shares. Lake Street Capital reiterated a "buy" rating and issued a $32.00 target price on shares of Kimball Electronics in a report on Friday, November 7th. B. Riley reiterated a "buy" rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Weiss Ratings restated a "hold (c)" rating on shares of Kimball Electronics in a research note on Tuesday, October 14th. Wall Street Zen raised Kimball Electronics from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 1st. Finally, Zacks Research upgraded Kimball Electronics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $32.00.

Read Our Latest Analysis on Kimball Electronics

Kimball Electronics Stock Performance

NASDAQ:KE opened at $29.20 on Thursday. The company has a market capitalization of $710.73 million, a P/E ratio of 30.74, a P/E/G ratio of 1.05 and a beta of 1.15. The business has a fifty day simple moving average of $28.76 and a two-hundred day simple moving average of $24.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.21 and a quick ratio of 1.34. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $33.19.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.25. Kimball Electronics had a return on equity of 6.28% and a net margin of 1.62%.The company had revenue of $365.60 million during the quarter, compared to the consensus estimate of $338.43 million. On average, analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Kimball Electronics 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.

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