Victory Capital Management Inc. Buys 2,145 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Victory Capital Management Inc. lifted its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 3.5% in the third quarter, HoldingsChannel.com reports. The firm owned 63,129 shares of the electronics maker’s stock after purchasing an additional 2,145 shares during the quarter. Victory Capital Management Inc.’s holdings in Kimball Electronics were worth $1,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Kimball Electronics in the 3rd quarter valued at $48,000. SG Americas Securities LLC boosted its holdings in Kimball Electronics by 78.5% in 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. Hsbc Holdings PLC bought a new position in Kimball Electronics in the second quarter valued at about $210,000. The Manufacturers Life Insurance Company bought a new position in Kimball Electronics in the second quarter valued at about $217,000. Finally, Creative Planning bought a new stake in Kimball Electronics during the 3rd quarter worth about $219,000. Institutional investors own 75.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KE has been the topic of a number of research reports. Cantor Fitzgerald cut their target price on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Sidoti cut shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 15th. B. Riley lowered their target price on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 15th. EF Hutton Acquisition Co. I cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Lake Street Capital reduced their price target on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.25.

Kimball Electronics Stock Down 3.0 %

Kimball Electronics stock opened at $19.34 on Wednesday. The firm has a market capitalization of $477.33 million, a price-to-earnings ratio of 37.92 and a beta of 1.26. The company’s 50 day simple moving average is $18.54 and its 200 day simple moving average is $20.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.28 and a quick ratio of 1.30. Kimball Electronics, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $27.73.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Monday, November 4th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. The company had revenue of $374.26 million during the quarter, compared to analyst estimates of $376.70 million. During the same quarter in the previous year, the business earned $0.43 EPS. As a group, sell-side analysts anticipate that Kimball Electronics, Inc. will post 0.96 EPS for the current 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.