Legacy Financial Advisors Inc. Boosts Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Legacy Financial Advisors Inc. boosted its position in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 35.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 31,503 shares of the electronics maker’s stock after acquiring an additional 8,330 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Kimball Electronics were worth $849,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sapient Capital LLC purchased a new position in Kimball Electronics in the fourth quarter worth approximately $8,761,000. Larson Financial Group LLC increased its holdings in shares of Kimball Electronics by 272.5% in the 4th quarter. Larson Financial Group LLC now owns 404,571 shares of the electronics maker’s stock valued at $10,903,000 after acquiring an additional 295,951 shares during the last quarter. First Dallas Securities Inc. purchased a new position in Kimball Electronics in the third quarter valued at approximately $6,307,000. First Eagle Investment Management LLC lifted its position in shares of Kimball Electronics by 178.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 224,024 shares of the electronics maker’s stock worth $6,134,000 after buying an additional 143,523 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Kimball Electronics by 95.1% during the third quarter. Envestnet Asset Management Inc. now owns 252,561 shares of the electronics maker’s stock worth $6,915,000 after purchasing an additional 123,096 shares during the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Stock Up 0.8 %

Shares of KE traded up $0.18 during midday trading on Friday, hitting $21.89. The company had a trading volume of 63,049 shares, compared to its average volume of 100,697. The company’s 50 day moving average price is $21.26 and its 200 day moving average price is $23.49. Kimball Electronics, Inc. has a 52 week low of $19.69 and a 52 week high of $31.43. The stock has a market cap of $544.40 million, a price-to-earnings ratio of 10.09 and a beta of 1.31. The company has a quick ratio of 1.00, a current ratio of 1.97 and a debt-to-equity ratio of 0.43.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Monday, February 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $421.24 million during the quarter, compared to the consensus estimate of $435.60 million. Kimball Electronics had a net margin of 2.97% and a return on equity of 10.37%. On average, equities research analysts predict that Kimball Electronics, Inc. will post 1.6 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. B. Riley decreased their target price on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Cantor Fitzgerald reduced their price target on shares of Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th.

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.