Forvis Mazars Wealth Advisors LLC Decreases Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Forvis Mazars Wealth Advisors LLC reduced its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,121 shares of the electronics maker’s stock after selling 6,185 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Kimball Electronics were worth $3,130,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in Kimball Electronics during the third quarter worth about $25,000. Quest Partners LLC purchased a new stake in shares of Kimball Electronics in the 3rd quarter valued at approximately $61,000. Quantbot Technologies LP increased its holdings in shares of Kimball Electronics by 995.9% during the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock worth $167,000 after buying an additional 8,196 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Kimball Electronics during the 3rd quarter valued at approximately $172,000. Finally, SG Americas Securities LLC lifted its holdings in Kimball Electronics by 28.9% in the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 2,528 shares during the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on KE shares. Lake Street Capital cut their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. StockNews.com raised Kimball Electronics from a “hold” rating to a “buy” rating in a research 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 stock. Based on data from MarketBeat, Kimball Electronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Kimball Electronics Stock Up 1.0 %

NASDAQ:KE opened at $18.25 on Monday. Kimball Electronics, Inc. has a 52 week low of $16.36 and a 52 week high of $24.45. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average is $18.30 and its two-hundred day moving average is $18.49. The stock has a market capitalization of $448.01 million, a price-to-earnings ratio of 57.02 and a beta of 1.24.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

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.