LSV Asset Management purchased a new stake in Kimball Electronics Inc. (NASDAQ:KE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,239 shares of the company’s stock, valued at approximately $214,000. LSV Asset Management owned approximately 0.06% of Kimball Electronics as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its position in Kimball Electronics by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 701,343 shares of the company’s stock valued at $7,834,000 after buying an additional 13,361 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Kimball Electronics by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 536,150 shares of the company’s stock valued at $5,989,000 after buying an additional 14,300 shares in the last quarter. NWQ Investment Management Company LLC boosted its position in Kimball Electronics by 4.6% in the first quarter. NWQ Investment Management Company LLC now owns 728,694 shares of the company’s stock valued at $8,140,000 after buying an additional 32,135 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Kimball Electronics by 40.3% in the first quarter. Goldman Sachs Group Inc. now owns 152,408 shares of the company’s stock valued at $1,702,000 after buying an additional 43,754 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Kimball Electronics by 0.7% in the first quarter. Geode Capital Management LLC now owns 317,381 shares of the company’s stock valued at $3,545,000 after buying an additional 2,278 shares in the last quarter. 55.31% of the stock is owned by institutional investors.

Kimball Electronics Inc. (NASDAQ:KE) traded up 3.02% during trading on Monday, reaching $12.30. 70,931 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $12.25 and its 200-day moving average price is $11.76. Kimball Electronics Inc. has a 12 month low of $9.15 and a 12 month high of $13.13. The firm has a market cap of $346.31 million, a price-to-earnings ratio of 16.18 and a beta of 0.93.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. Kimball Electronics had a return on equity of 6.98% and a net margin of 2.65%. The firm had revenue of $220.40 million for the quarter, compared to analyst estimates of $201.13 million. On average, equities research analysts anticipate that Kimball Electronics Inc. will post $0.86 EPS for the current year.

A number of research firms have commented on KE. B. Riley reaffirmed a “buy” rating and set a $14.50 price objective on shares of Kimball Electronics in a research report on Tuesday, August 9th. Zacks Investment Research cut shares of Kimball Electronics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.

Kimball Electronics Company Profile

Kimball Electronics, Inc (Kimball Electronics) is engaged in providing engineering, manufacturing and supply chain services. The Company offers its services to customers in the automotive, medical, industrial and public safety end markets. The Company offers engineering, manufacturing and supply chain services, such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of different environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management.

5 Day Chart for NASDAQ:KE

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