LSV Asset Management Sells 268,009 Shares of Kimball Electronics, Inc. $KE
LSV Asset Management reduced its stake in Kimball Electronics, Inc. by 60% in Q2, selling 268,009 shares. The firm now owns 179,023 shares worth $3.44 million. Other institutional investors also adjusted their positions in Kimball Electronics. The stock has a market cap of $640.09 million and a P/E ratio of 39.25. Analysts have given mixed ratings, with a consensus rating of 'Buy' and a price target of $32.00.
LSV Asset Management lessened its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 60.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,023 shares of the electronics maker's stock after selling 268,009 shares during the quarter. LSV Asset Management owned 0.73% of Kimball Electronics worth $3,443,000 at the end of the most recent reporting period.
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Several other institutional investors have also bought and sold shares of KE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kimball Electronics by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker's stock valued at $242,000 after acquiring an additional 624 shares during the period. AlphaQuest LLC grew its holdings in shares of Kimball Electronics by 9.1% in the 2nd quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker's stock worth $156,000 after purchasing an additional 678 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in shares of Kimball Electronics by 12.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker's stock worth $144,000 after purchasing an additional 806 shares during the last quarter. US Bancorp DE increased its position in shares of Kimball Electronics by 1.6% during the 2nd quarter. US Bancorp DE now owns 65,583 shares of the electronics maker's stock worth $1,261,000 after purchasing an additional 1,022 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in Kimball Electronics by 2.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,937 shares of the electronics maker's stock valued at $730,000 after purchasing an additional 1,049 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.
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Kimball Electronics Stock Down 4.1%
NASDAQ KE opened at $26.30 on Friday. The stock has a market capitalization of $640.09 million, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $33.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.20. The stock has a fifty day moving average of $29.29 and a 200-day moving average of $23.90.
Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.25. The business had revenue of $365.60 million for the quarter, compared to analyst estimates of $338.43 million. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%. Kimball Electronics has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current year.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kimball Electronics in a research note on Tuesday, October 14th. Zacks Research upgraded Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded Kimball Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 1st. B. Riley reissued a "buy" rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Finally, Lake Street Capital restated a "buy" rating and set a $32.00 target price on shares of Kimball Electronics in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Kimball Electronics currently has a consensus rating of "Buy" and a consensus price target of $32.00.
View Our Latest Research Report on KE
About Kimball Electronics
(Free Report)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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