Front Street Capital Management Inc. Decreases Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Front Street Capital Management Inc. trimmed its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,537 shares of the electronics maker’s stock after selling 22,775 shares during the quarter. Front Street Capital Management Inc. owned approximately 0.29% of Kimball Electronics worth $1,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new stake in Kimball Electronics in the 4th quarter valued at about $82,000. SG Americas Securities LLC raised its position in shares of 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 purchasing an additional 2,528 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Kimball Electronics in the 3rd quarter worth approximately $220,000. AlphaQuest LLC grew its stake in Kimball Electronics by 358.2% in the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker’s stock valued at $285,000 after buying an additional 11,901 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Kimball Electronics during the 4th quarter valued at $397,000. 75.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Kimball Electronics Trading Up 0.6 %

Shares of KE stock opened at $13.18 on Friday. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $24.45. The business’s fifty day moving average is $16.13 and its 200 day moving average is $17.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The company has a market capitalization of $323.63 million, a PE ratio of 41.19 and a beta of 1.18.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, equities research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal 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.