Grace & White Inc. NY Acquires 14,100 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Grace & White Inc. NY grew its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 270,877 shares of the electronics maker’s stock after buying an additional 14,100 shares during the quarter. Kimball Electronics accounts for approximately 0.9% of Grace & White Inc. NY’s portfolio, making the stock its 29th largest holding. Grace & White Inc. NY’s holdings in Kimball Electronics were worth $5,074,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KE. Point72 DIFC Ltd bought a new stake in Kimball Electronics during the 3rd quarter valued at $25,000. nVerses Capital LLC purchased a new position in shares of Kimball Electronics in the third quarter valued at about $48,000. Quest Partners LLC purchased a new position in shares of Kimball Electronics in the third quarter valued at about $61,000. SG Americas Securities LLC raised its stake in shares of Kimball Electronics by 78.5% during the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock valued at $162,000 after acquiring an additional 3,849 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of Kimball Electronics by 995.9% during the third quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock worth $167,000 after purchasing an additional 8,196 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

Kimball Electronics stock opened at $16.90 on Thursday. Kimball Electronics, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $24.45. The stock’s 50 day simple moving average is $18.58 and its two-hundred day simple moving average is $18.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The stock has a market cap of $417.09 million, a price-to-earnings ratio of 52.81 and a beta of 1.24.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.47% and a net margin of 0.51%. As a group, analysts expect that Kimball Electronics, Inc. will post 1.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Lake Street Capital reduced their price target on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.