Kimball Electronics, Inc. (NASDAQ:KE) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. boosted its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 67.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 207,604 shares of the electronics maker’s stock after buying an additional 83,317 shares during the period. Donald Smith & CO. Inc. owned approximately 0.83% of Kimball Electronics worth $4,563,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in Kimball Electronics by 39.7% during the 2nd quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker’s stock worth $4,364,000 after acquiring an additional 56,468 shares in the last quarter. Foundry Partners LLC lifted its stake in Kimball Electronics by 10.0% during the second quarter. Foundry Partners LLC now owns 216,955 shares of the electronics maker’s stock worth $4,769,000 after purchasing an additional 19,730 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Kimball Electronics by 26.4% in the 2nd quarter. Victory Capital Management Inc. now owns 60,984 shares of the electronics maker’s stock valued at $1,340,000 after buying an additional 12,720 shares in the last quarter. Rhumbline Advisers lifted its position in Kimball Electronics by 10.6% in the second quarter. Rhumbline Advisers now owns 41,625 shares of the electronics maker’s stock valued at $915,000 after acquiring an additional 3,993 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Kimball Electronics by 10.3% during the second quarter. Principal Financial Group Inc. now owns 18,531 shares of the electronics maker’s stock worth $407,000 after purchasing an additional 1,728 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. B. Riley decreased their target price on Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Lake Street Capital decreased their price objective on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a report 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 for the company in a research report on Friday, August 16th. 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. Finally, Sidoti lowered shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Kimball Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $23.25.

Kimball Electronics Trading Up 4.3 %

Shares of Kimball Electronics stock opened at $18.12 on Monday. The firm has a market cap of $448.11 million, a price-to-earnings ratio of 14.16 and a beta of 1.26. Kimball Electronics, Inc. has a 52-week low of $17.09 and a 52-week high of $28.64. The company’s 50-day simple moving average is $20.29 and its 200-day simple moving average is $21.18. The company has a quick ratio of 1.36, a current ratio of 2.26 and a debt-to-equity ratio of 0.43.

Kimball Electronics (NASDAQ:KE) last released 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). The business had revenue of $430.16 million for the quarter, compared to analyst estimates of $429.00 million. Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. During the same quarter in the previous year, the firm posted $0.76 EPS. As a group, equities research analysts anticipate that Kimball Electronics, Inc. will post 1.17 earnings per share for the current 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, 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.