California State Teachers Retirement System lowered its stake in shares of Kimball Electronics Inc. (NASDAQ:KE) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,903 shares of the company’s stock after selling 2,899 shares during the period. California State Teachers Retirement System owned 0.21% of Kimball Electronics worth $733,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. BKD Wealth Advisors LLC raised its position in Kimball Electronics by 1,816.2% in the second quarter. BKD Wealth Advisors LLC now owns 480,478 shares of the company’s stock worth $5,982,000 after buying an additional 455,404 shares during the last quarter. Renaissance Technologies LLC raised its position in Kimball Electronics by 1.3% in the first quarter. Renaissance Technologies LLC now owns 297,275 shares of the company’s stock worth $3,321,000 after buying an additional 3,800 shares during the last quarter. Geode Capital Management LLC raised its position in Kimball Electronics by 0.7% in the first quarter. Geode Capital Management LLC now owns 317,381 shares of the company’s stock worth $3,545,000 after buying an additional 2,278 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Kimball Electronics by 40.3% in the first quarter. Goldman Sachs Group Inc. now owns 152,408 shares of the company’s stock worth $1,702,000 after buying an additional 43,754 shares during the last quarter. Finally, NWQ Investment Management Company LLC raised its position in Kimball Electronics by 4.6% in the first quarter. NWQ Investment Management Company LLC now owns 728,694 shares of the company’s stock worth $8,140,000 after buying an additional 32,135 shares during the last quarter. Institutional investors own 54.84% of the company’s stock.
Kimball Electronics Inc. (NASDAQ:KE) traded down 1.44% during trading on Monday, hitting $13.66. The stock had a trading volume of 68,611 shares. Kimball Electronics Inc. has a 12-month low of $9.15 and a 12-month high of $14.28. The company has a market capitalization of $384.60 million, a price-to-earnings ratio of 17.97 and a beta of 0.90. The stock has a 50 day moving average price of $12.41 and a 200 day moving average price of $11.87.
Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The firm earned $220.40 million during the quarter, compared to the consensus estimate of $201.13 million. Kimball Electronics had a net margin of 2.65% and a return on equity of 6.98%. Equities research analysts forecast that Kimball Electronics Inc. will post $0.86 earnings per share for the current year.
KE has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating and issued a $12.75 price objective on shares of Kimball Electronics in a research note on Tuesday, August 2nd. Zacks Investment Research lowered Kimball Electronics from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th.
Kimball Electronics Company Profile
Kimball Electronics, Inc (Kimball Electronics) is engaged in providing engineering, manufacturing and supply chain services. The Company offers its services to customers in the automotive, medical, industrial and public safety end markets. The Company offers engineering, manufacturing and supply chain services, such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of different environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management.
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