Watershed Asset Management L.L.C. Buys 1,621 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Watershed Asset Management L.L.C. boosted its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,261 shares of the electronics maker’s stock after purchasing an additional 1,621 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in Kimball Electronics were worth $303,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Grace & White Inc. NY increased its stake in Kimball Electronics by 16.9% in the fourth 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. Linden Thomas Advisory Services LLC grew its holdings in shares of Kimball Electronics by 23.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 11,784 shares of the electronics maker’s stock valued at $318,000 after buying an additional 2,204 shares during the period. Larson Financial Group LLC increased its position in shares of Kimball Electronics by 272.5% in the 4th quarter. Larson Financial Group LLC now owns 404,571 shares of the electronics maker’s stock valued at $10,903,000 after buying an additional 295,951 shares in the last quarter. Strs Ohio raised its stake in Kimball Electronics by 8.1% during the 4th quarter. Strs Ohio now owns 24,100 shares of the electronics maker’s stock worth $649,000 after buying an additional 1,800 shares during the period. Finally, Sapient Capital LLC acquired a new stake in Kimball Electronics during the 4th quarter worth $8,761,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Up 0.9 %

Shares of KE traded up $0.19 during midday trading on Tuesday, hitting $21.08. The stock had a trading volume of 84,474 shares, compared to its average volume of 121,887. The firm has a market cap of $524.26 million, a price-to-earnings ratio of 9.71 and a beta of 1.31. The company has a 50 day simple moving average of $21.34 and a two-hundred day simple moving average of $23.75. Kimball Electronics, Inc. has a twelve month low of $19.52 and a twelve month high of $31.43. 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 (NASDAQ:KE) last announced 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). Kimball Electronics had a net margin of 2.97% and a return on equity of 10.37%. The firm had revenue of $421.24 million during the quarter, compared to analyst estimates of $435.60 million. On average, analysts anticipate that Kimball Electronics, Inc. will post 1.6 EPS for the current year.

Analyst Ratings Changes

KE has been the subject of several recent analyst reports. B. Riley lowered their price target on Kimball Electronics from $39.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Cantor Fitzgerald lowered their target price on Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating for the company 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.