Benchmark Electronics, Inc. (NYSE:BHE) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 17.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,692 shares of the technology company’s stock after buying an additional 4,043 shares during the period. WINTON GROUP Ltd’s holdings in Benchmark Electronics were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in shares of Benchmark Electronics by 16.5% during the 4th quarter. Victory Capital Management Inc. now owns 50,363 shares of the technology company’s stock worth $1,392,000 after acquiring an additional 7,129 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Benchmark Electronics by 5.9% in the fourth quarter. Natixis Advisors L.P. now owns 19,072 shares of the technology company’s stock valued at $527,000 after purchasing an additional 1,056 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Benchmark Electronics by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,102 shares of the technology company’s stock valued at $24,658,000 after buying an additional 30,941 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Benchmark Electronics by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,996,161 shares of the technology company’s stock worth $82,815,000 after buying an additional 21,170 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Benchmark Electronics by 212.5% during the 4th quarter. Quadrant Capital Group LLC now owns 6,407 shares of the technology company’s stock worth $177,000 after buying an additional 4,357 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Benchmark Electronics

In related news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.70, for a total value of $302,017.10. Following the completion of the transaction, the director now directly owns 42,027 shares in the company, valued at $1,794,552.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BHE. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Lake Street Capital lifted their price objective on Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.33.

Benchmark Electronics Trading Up 3.1 %

Shares of BHE stock opened at $42.32 on Monday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 23.13 and a beta of 0.98. The company has a current ratio of 2.35, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $41.46 and a 200 day moving average price of $37.54. Benchmark Electronics, Inc. has a twelve month low of $22.66 and a twelve month high of $48.58.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $666.00 million during the quarter, compared to the consensus estimate of $635.75 million. Benchmark Electronics had a net margin of 2.45% and a return on equity of 7.17%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share.

Benchmark Electronics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. Benchmark Electronics’s dividend payout ratio is currently 37.16%.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.