Assenagon Asset Management S.A. Purchases 29,993 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Assenagon Asset Management S.A. lifted its position in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 11.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 303,629 shares of the electronics maker’s stock after purchasing an additional 29,993 shares during the period. Assenagon Asset Management S.A. owned 1.22% of Kimball Electronics worth $5,620,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KE. Vanguard Group Inc. boosted its position in Kimball Electronics by 45.9% in the first quarter. Vanguard Group Inc. now owns 1,808,516 shares of the electronics maker’s stock worth $39,154,000 after purchasing an additional 569,015 shares during the last quarter. Grace & White Inc. NY raised its stake in shares of Kimball Electronics by 38.5% during the 3rd quarter. Grace & White Inc. NY now owns 256,777 shares of the electronics maker’s stock worth $4,753,000 after purchasing an additional 71,400 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Kimball Electronics by 66.1% in the 2nd quarter. AQR Capital Management LLC now owns 235,844 shares of the electronics maker’s stock worth $5,184,000 after buying an additional 93,831 shares during the last quarter. Foundry Partners LLC grew its position in Kimball Electronics by 10.0% during the second quarter. Foundry Partners LLC now owns 216,955 shares of the electronics maker’s stock valued at $4,769,000 after buying an additional 19,730 shares during the period. Finally, Donald Smith & CO. Inc. increased its holdings in Kimball Electronics by 67.0% during the second quarter. Donald Smith & CO. Inc. now owns 207,604 shares of the electronics maker’s stock worth $4,563,000 after buying an additional 83,317 shares during the last quarter. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Trading Up 0.6 %

Shares of KE stock opened at $18.26 on Wednesday. Kimball Electronics, Inc. has a 1 year low of $16.64 and a 1 year high of $27.73. The company’s fifty day simple moving average is $17.92 and its two-hundred day simple moving average is $20.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.26 and a quick ratio of 1.36. The stock has a market capitalization of $454.11 million, a price-to-earnings ratio of 14.27 and a beta of 1.26.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The company had revenue of $430.16 million for the quarter, compared to analysts’ expectations of $429.00 million. Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. During the same period last year, the company posted $0.76 EPS. As a group, analysts anticipate that Kimball Electronics, Inc. will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on KE. Lake Street Capital dropped their target price 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. Cantor Fitzgerald reduced their price objective on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Sidoti downgraded Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Thursday, August 15th. EF Hutton Acquisition Co. I cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, B. Riley decreased their price objective on Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.25.

About Kimball Electronics

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.