Empowered Funds LLC Purchases Shares of 139,498 Kimball Electronics, Inc. $KE

Empowered Funds LLC acquired a new position in Kimball Electronics, Inc. (NASDAQ:KE) during the 2nd quarter, HoldingsChannel reports. The fund acquired 139,498 shares of the electronics maker’s stock, valued at approximately $3,571,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank increased its holdings in shares of Kimball Electronics by 1.2% during the 4th quarter. Comerica Bank now owns 27,812 shares of the electronics maker’s stock valued at $774,000 after purchasing an additional 336 shares in the last quarter. Barclays PLC lifted its stake in shares of Kimball Electronics by 0.7% in the 4th quarter. Barclays PLC now owns 69,334 shares of the electronics maker’s stock valued at $1,929,000 after purchasing an additional 498 shares during the period. Lazard Asset Management LLC boosted its holdings in Kimball Electronics by 0.9% during the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock worth $1,229,000 after buying an additional 561 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kimball Electronics by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock valued at $242,000 after buying an additional 624 shares during the period. Finally, CWM LLC grew its position in Kimball Electronics by 135.2% during the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after buying an additional 715 shares during the period. Institutional investors and hedge funds own 75.99% of the company’s stock.

Analysts Set New Price Targets

KE has been the subject of a number of recent analyst reports. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. KeyCorp began coverage on shares of Kimball Electronics in a research note on Thursday, July 2nd. They set a “sector weight” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a research report on Tuesday, August 4th. Finally, Wall Street Zen lowered Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kimball Electronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Trading Up 1.2%

Shares of KE stock opened at $23.90 on Wednesday. Kimball Electronics, Inc. has a 1-year low of $21.01 and a 1-year high of $33.19. The company has a market cap of $572.88 million, a price-to-earnings ratio of 21.15, a PEG ratio of 1.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.27. The stock has a 50 day simple moving average of $24.79 and a 200-day simple moving average of $25.00.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $371.57 million during the quarter, compared to analysts’ expectations of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. On average, equities research analysts expect that Kimball Electronics, Inc. will post 1.18 EPS for the current fiscal year.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.