Oxford Financial Group LTD. LLC Buys New Holdings in Kimball Electronics, Inc. $KE

Oxford Financial Group LTD. LLC purchased a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 285,717 shares of the electronics maker’s stock, valued at approximately $7,314,000. Kimball Electronics comprises about 0.4% of Oxford Financial Group LTD. LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other large investors have also bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in Kimball Electronics in the second quarter valued at approximately $270,000. BlackRock Inc. bought a new position in shares of Kimball Electronics in the second quarter worth approximately $62,468,000. Deutsche Bank AG bought a new position in shares of Kimball Electronics in the second quarter worth approximately $603,000. Bank of New York Mellon Corp purchased a new position in shares of Kimball Electronics in the second quarter worth $2,389,000. Finally, State of Wyoming purchased a new position in shares of Kimball Electronics in the second quarter worth $71,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Price Performance

KE opened at $23.57 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. The stock has a market capitalization of $566.86 million, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The stock’s 50 day moving average price is $25.11 and its 200-day moving average price is $25.21. Kimball Electronics, Inc. has a 52-week low of $21.01 and a 52-week high of $33.19.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $371.57 million during the quarter, compared to analysts’ expectations of $373.63 million. Kimball Electronics had a return on equity of 4.42% and a net margin of 1.95%. On average, equities research analysts predict that Kimball Electronics, Inc. will post 1.13 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on KE shares. Zacks Research upgraded shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Wall Street Zen cut shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. KeyCorp started coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They issued a “sector weight” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.