Kimball Electronics, Inc. $KE Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 459.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,989 shares of the electronics maker’s stock after purchasing an additional 76,367 shares during the period. Inspire Investing LLC owned 0.38% of Kimball Electronics worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Kimball Electronics in the third quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new position in shares of Kimball Electronics during the second quarter worth $34,000. Farther Finance Advisors LLC purchased a new position in shares of Kimball Electronics in the fourth quarter valued at $35,000. CWM LLC grew its holdings in Kimball Electronics by 135.2% during the 4th quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 715 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Kimball Electronics during the 4th quarter valued at $38,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Kimball Electronics from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Wall Street Zen upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Finally, Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Stock Performance

Shares of KE opened at $25.60 on Wednesday. The firm has a fifty day moving average of $25.65 and a 200-day moving average of $26.35. The company has a market cap of $615.65 million, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.29 and a current ratio of 2.11. Kimball Electronics, Inc. has a 1 year low of $18.04 and a 1 year high of $33.19.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $352.92 million during the quarter, compared to the consensus estimate of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 1.21 earnings per share for the current year.

Kimball Electronics 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.