Kimball Electronics, Inc. (NASDAQ:KE) Stake Raised by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. increased its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,261 shares of the electronics maker’s stock after buying an additional 1,621 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in Kimball Electronics were worth $303,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. First Financial Corp IN bought a new stake in shares of Kimball Electronics during the 4th quarter worth about $54,000. NBC Securities Inc. acquired a new stake in Kimball Electronics in the third quarter worth approximately $81,000. SG Americas Securities LLC bought a new position in Kimball Electronics during the 3rd quarter valued at $252,000. Linden Thomas Advisory Services LLC increased its position in shares of Kimball Electronics by 14.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 9,580 shares of the electronics maker’s stock valued at $262,000 after purchasing an additional 1,224 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of Kimball Electronics by 13.2% in the 3rd quarter. Quadrature Capital Ltd now owns 9,900 shares of the electronics maker’s stock worth $271,000 after buying an additional 1,157 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KE shares. Cantor Fitzgerald dropped their target price on shares of Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. B. Riley decreased their price target on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

Kimball Electronics Stock Up 0.9 %

KE traded up $0.19 during trading on Tuesday, reaching $21.08. 84,474 shares of the stock traded hands, compared to its average volume of 121,887. The stock’s 50-day simple moving average is $21.34 and its two-hundred day simple moving average is $23.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.97 and a quick ratio of 1.00. Kimball Electronics, Inc. has a fifty-two week low of $19.52 and a fifty-two week high of $31.43. The stock has a market cap of $524.26 million, a price-to-earnings ratio of 9.71 and a beta of 1.31.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Monday, February 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The business had revenue of $421.24 million during the quarter, compared to analyst estimates of $435.60 million. Kimball Electronics had a net margin of 2.97% and a return on equity of 10.37%. As a group, equities research analysts expect that Kimball Electronics, Inc. will post 1.6 EPS for the current 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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.