Donald Smith & CO. Inc. Grows Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Donald Smith & CO. Inc. raised its position in Kimball Electronics, Inc. (NASDAQ:KE) by 67.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 207,604 shares of the electronics maker’s stock after purchasing an additional 83,317 shares during the period. Donald Smith & CO. Inc.’s holdings in Kimball Electronics were worth $4,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Kimball Electronics by 1,526.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker’s stock valued at $230,000 after purchasing an additional 9,813 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Kimball Electronics by 96.2% during the first quarter. EntryPoint Capital LLC now owns 10,745 shares of the electronics maker’s stock valued at $233,000 after buying an additional 5,269 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in Kimball Electronics by 16.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 9,644 shares of the electronics maker’s stock worth $260,000 after acquiring an additional 1,344 shares during the period. Quest Partners LLC acquired a new position in Kimball Electronics in the 4th quarter valued at $303,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Kimball Electronics during the 1st quarter worth $364,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. B. Riley lowered their price objective 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 dropped their price objective 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. Cantor Fitzgerald decreased their target price 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. EF Hutton Acquisition Co. I lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report 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 target on the stock. in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.25.

Kimball Electronics Trading Up 4.3 %

Shares of NASDAQ KE opened at $18.12 on Monday. 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 stock’s 50 day moving average price is $20.29 and its two-hundred day moving average price is $21.18. Kimball Electronics, Inc. has a 52-week low of $17.09 and a 52-week high of $28.64. The stock has a market capitalization of $448.11 million, a P/E ratio of 14.16 and a beta of 1.26.

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