Cardinal Capital Management Grows Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Cardinal Capital Management boosted its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,804 shares of the electronics maker’s stock after purchasing an additional 11,331 shares during the quarter. Cardinal Capital Management owned about 0.36% of Kimball Electronics worth $1,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Kimball Electronics by 45.9% in the 1st quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker’s stock valued at $39,154,000 after buying an additional 569,015 shares during the period. Assenagon Asset Management S.A. increased its stake in Kimball Electronics by 80.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 273,636 shares of the electronics maker’s stock valued at $6,015,000 after buying an additional 122,336 shares during the period. AQR Capital Management LLC increased its stake in Kimball Electronics by 66.1% in the 2nd quarter. AQR Capital Management LLC now owns 235,844 shares of the electronics maker’s stock valued at $5,184,000 after buying an additional 93,831 shares during the period. Donald Smith & CO. Inc. increased its stake in Kimball Electronics by 67.0% in the 2nd quarter. Donald Smith & CO. Inc. now owns 207,604 shares of the electronics maker’s stock valued at $4,563,000 after buying an additional 83,317 shares during the period. Finally, American Century Companies Inc. increased its stake in Kimball Electronics by 39.7% in the 2nd quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker’s stock valued at $4,364,000 after buying an additional 56,468 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Price Performance

Kimball Electronics stock opened at $18.82 on Friday. Kimball Electronics, Inc. has a 52 week low of $16.64 and a 52 week high of $27.73. The company has a quick ratio of 1.36, a current ratio of 2.26 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $18.08 and its 200 day simple moving average is $20.62. The firm has a market capitalization of $468.03 million, a PE ratio of 14.70 and a beta of 1.26.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Tuesday, August 13th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. The business had revenue of $430.16 million during the quarter, compared to analysts’ expectations of $429.00 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, equities research analysts predict that Kimball Electronics, Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KE. EF Hutton Acquisition Co. I cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Lake Street Capital lowered their price target on shares of Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Sidoti cut shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 15th. B. Riley lowered their price target on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Cantor Fitzgerald lowered their price target on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.25.

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, 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.