Kimball Electronics, Inc. (NASDAQ:KE) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lowered its position in Kimball Electronics, Inc. (NASDAQ:KE) by 57.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,016 shares of the electronics maker’s stock after selling 231,242 shares during the period. Larson Financial Group LLC’s holdings in Kimball Electronics were worth $3,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in KE. Point72 DIFC Ltd acquired a new stake in Kimball Electronics in the third quarter valued at about $25,000. Quest Partners LLC acquired a new stake in shares of Kimball Electronics during the 3rd quarter valued at approximately $61,000. Quantbot Technologies LP lifted its position 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 valued at $167,000 after acquiring an additional 8,196 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Kimball Electronics during the 3rd quarter valued at approximately $172,000. Finally, SG Americas Securities LLC lifted its position in shares of Kimball Electronics by 28.9% during the 4th 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 period. Institutional investors and hedge funds own 75.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KE shares. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Lake Street Capital cut their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.75.

Kimball Electronics Trading Down 0.1 %

Shares of Kimball Electronics stock opened at $16.57 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. Kimball Electronics, Inc. has a 1 year low of $16.10 and a 1 year high of $24.45. The company has a market capitalization of $406.88 million, a P/E ratio of 51.78 and a beta of 1.21. The business has a 50 day moving average price of $18.05 and a 200 day moving average price of $18.37.

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