Donald Smith & CO. Inc. Sells 1,232 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Donald Smith & CO. Inc. lessened its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,776 shares of the electronics maker’s stock after selling 1,232 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.47% of Kimball Electronics worth $3,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Kimball Electronics by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,205,259 shares of the electronics maker’s stock worth $33,000,000 after acquiring an additional 12,776 shares during the last quarter. Larson Financial Group LLC boosted its stake in Kimball Electronics by 272.5% during the 4th quarter. Larson Financial Group LLC now owns 404,571 shares of the electronics maker’s stock worth $10,903,000 after acquiring an additional 295,951 shares during the last quarter. Sapient Capital LLC bought a new position in Kimball Electronics during the 4th quarter worth approximately $8,761,000. Envestnet Asset Management Inc. raised its holdings in Kimball Electronics by 95.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 252,561 shares of the electronics maker’s stock worth $6,915,000 after buying an additional 123,096 shares during the period. Finally, First Dallas Securities Inc. acquired a new stake in Kimball Electronics during the 3rd quarter worth approximately $6,307,000. Institutional investors own 75.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on KE shares. Cantor Fitzgerald dropped their target price 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. B. Riley dropped their target price on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th.

Kimball Electronics Stock Up 3.6 %

Shares of NASDAQ KE traded up $0.75 during midday trading on Monday, reaching $21.57. The company’s stock had a trading volume of 110,812 shares, compared to its average volume of 120,244. The company has a current ratio of 1.97, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Kimball Electronics, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $31.43. The stock has a market capitalization of $536.45 million, a price-to-earnings ratio of 9.94 and a beta of 1.31. The stock has a 50 day simple moving average of $21.30 and a 200-day simple moving average of $23.60.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data 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). Kimball Electronics had a net margin of 2.97% and a return on equity of 10.37%. The business had revenue of $421.24 million during the quarter, compared to analyst estimates of $435.60 million. Equities research analysts predict that Kimball Electronics, Inc. will post 1.6 earnings per share for the current 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.