Dimensional Fund Advisors LP Sells 24,557 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Dimensional Fund Advisors LP decreased its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 1.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,005,773 shares of the electronics maker’s stock after selling 24,557 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Kimball Electronics worth $44,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KE. Allspring Global Investments Holdings LLC increased its holdings in shares of Kimball Electronics by 1,526.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker’s stock worth $230,000 after purchasing an additional 9,813 shares during the period. EntryPoint Capital LLC grew its stake in Kimball Electronics by 96.2% in the 1st quarter. EntryPoint Capital LLC now owns 10,745 shares of the electronics maker’s stock worth $233,000 after buying an additional 5,269 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Kimball Electronics in the 1st quarter worth $364,000. Quadrature Capital Ltd raised its position in shares of Kimball Electronics by 40.9% during the 4th quarter. Quadrature Capital Ltd now owns 13,948 shares of the electronics maker’s stock valued at $376,000 after buying an additional 4,048 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Kimball Electronics during the 1st quarter valued at $402,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Performance

Shares of NASDAQ:KE opened at $18.37 on Monday. The company has a current ratio of 2.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.43. Kimball Electronics, Inc. has a 12 month low of $17.09 and a 12 month high of $28.33. The company has a market cap of $456.84 million, a price-to-earnings ratio of 14.35 and a beta of 1.26. The company has a 50-day moving average price of $19.38 and a 200-day moving average price of $20.92.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share (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 firm had revenue of $430.16 million during the quarter, compared to the consensus estimate of $429.00 million. During the same period in the prior year, the company posted $0.76 EPS. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 1.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KE. Sidoti lowered Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Thursday, August 15th. Cantor Fitzgerald reduced 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 report on Friday, August 16th. B. Riley lowered their price objective on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 15th. EF Hutton Acquisition Co. I lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Lake Street Capital lowered their price target on shares of Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus 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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.