Kimball Electronics, Inc. (NASDAQ:KE) Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 64,684 shares of the electronics maker’s stock after acquiring an additional 1,555 shares during the period. Victory Capital Management Inc.’s holdings in Kimball Electronics were worth $1,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cardinal Capital Management grew its holdings in shares of Kimball Electronics by 2.7% during the 4th quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker’s stock valued at $1,728,000 after acquiring an additional 2,459 shares in the last quarter. Grace & White Inc. NY grew its holdings in shares of Kimball Electronics by 5.5% during the 4th quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker’s stock valued at $5,074,000 after acquiring an additional 14,100 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Kimball Electronics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker’s stock valued at $1,533,000 after acquiring an additional 3,939 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Kimball Electronics by 17.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 28,992 shares of the electronics maker’s stock valued at $543,000 after acquiring an additional 4,329 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Kimball Electronics by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 2,528 shares in the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KE shares. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Lake Street Capital reduced their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Kimball Electronics Stock Up 1.8 %

KE stock opened at $17.30 on Thursday. The firm has a market cap of $424.80 million, a PE ratio of 54.06 and a beta of 1.21. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. Kimball Electronics, Inc. has a 1 year low of $15.94 and a 1 year high of $24.45. The company has a fifty day simple moving average of $17.74 and a 200 day simple moving average of $18.29.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Sell-side analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal 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.