Teacher Retirement System of Texas Decreases Position in Kimball Electronics, Inc. (NASDAQ:KE)

Teacher Retirement System of Texas lessened its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,251 shares of the electronics maker’s stock after selling 8,759 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Kimball Electronics worth $546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in Kimball Electronics by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 194,608 shares of the electronics maker’s stock valued at $5,245,000 after buying an additional 5,126 shares during the period. Legacy Financial Advisors Inc. raised its holdings in shares of Kimball Electronics by 35.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 31,503 shares of the electronics maker’s stock valued at $849,000 after purchasing an additional 8,330 shares in the last quarter. Sapient Capital LLC acquired a new stake in shares of Kimball Electronics in the 4th quarter valued at $8,761,000. Watershed Asset Management L.L.C. raised its holdings in shares of Kimball Electronics by 16.8% in the 4th quarter. Watershed Asset Management L.L.C. now owns 11,261 shares of the electronics maker’s stock valued at $303,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Grace & White Inc. NY raised its holdings in shares of Kimball Electronics by 16.9% in the 4th quarter. Grace & White Inc. NY now owns 142,638 shares of the electronics maker’s stock valued at $3,844,000 after purchasing an additional 20,570 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Trading Up 0.1 %

NASDAQ KE opened at $22.41 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 2.03. The firm has a market cap of $557.34 million, a PE ratio of 17.51 and a beta of 1.31. Kimball Electronics, Inc. has a one year low of $19.62 and a one year high of $31.43. The firm’s fifty day moving average is $21.49 and its two-hundred day moving average is $23.10.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, May 7th. The electronics maker reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Kimball Electronics had a net margin of 1.81% and a return on equity of 8.70%. Analysts expect that Kimball Electronics, Inc. will post 1.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. B. Riley reduced their price objective on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Cantor Fitzgerald cut their price target on shares of Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th.

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, 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.