Foundry Partners LLC Grows Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Foundry Partners LLC increased its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,845 shares of the electronics maker’s stock after purchasing an additional 32,790 shares during the quarter. Foundry Partners LLC owned approximately 1.02% of Kimball Electronics worth $4,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock valued at $1,768,000 after purchasing an additional 556 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in Kimball Electronics by 4.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker’s stock valued at $446,000 after buying an additional 979 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Kimball Electronics in the third quarter valued at approximately $25,000. Victory Capital Management Inc. grew its position in shares of Kimball Electronics by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker’s stock worth $1,212,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Cardinal Capital Management increased its holdings in shares of Kimball Electronics by 2.7% in 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 during the period. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Price Performance

Shares of NASDAQ:KE opened at $13.28 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $17.09 and a 200 day moving average price of $18.16. Kimball Electronics, Inc. has a 52 week low of $12.57 and a 52 week high of $24.45. The company has a market cap of $326.09 million, a P/E ratio of 41.50 and a beta of 1.21.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Research analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

KE has been the subject of a number of research reports. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Lake Street Capital lowered their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Kimball Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

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, 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.