D. E. Shaw & Co. Inc. Purchases 39,743 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

D. E. Shaw & Co. Inc. grew its position in Kimball Electronics, Inc. (NASDAQ:KE) by 37.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 145,602 shares of the electronics maker’s stock after acquiring an additional 39,743 shares during the period. D. E. Shaw & Co. Inc. owned 0.59% of Kimball Electronics worth $2,727,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. SG Americas Securities LLC raised its position in Kimball Electronics by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 2,528 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Kimball Electronics by 5.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker’s stock worth $685,000 after acquiring an additional 1,958 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Kimball Electronics by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,764 shares of the electronics maker’s stock worth $866,000 after acquiring an additional 11,935 shares in the last quarter. Empowered Funds LLC raised its position in shares of Kimball Electronics by 5.1% in the 4th quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker’s stock worth $1,533,000 after acquiring an additional 3,939 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of Kimball Electronics by 15.0% in the 4th quarter. Foundry Partners LLC now owns 251,845 shares of the electronics maker’s stock worth $4,717,000 after acquiring an additional 32,790 shares in the last quarter. 75.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KE shares. StockNews.com raised Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Friday. Lake Street Capital lowered 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Stock Performance

Shares of Kimball Electronics stock opened at $17.58 on Tuesday. Kimball Electronics, Inc. has a one year low of $12.41 and a one year high of $24.45. The firm has a market capitalization of $428.60 million, a price-to-earnings ratio of 54.94 and a beta of 1.11. The business has a 50-day simple moving average of $15.52 and a 200 day simple moving average of $17.50. 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 (NASDAQ:KE) last issued its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The business had revenue of $374.61 million during the quarter, compared to analyst estimates of $338.08 million. On average, research analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

About Kimball Electronics

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.