Hantz Financial Services Inc. Has $1.64 Million Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Hantz Financial Services Inc. reduced its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,071 shares of the technology company’s stock after selling 2,349 shares during the quarter. Hantz Financial Services Inc.’s holdings in Benchmark Electronics were worth $1,643,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. UMB Bank n.a. grew its stake in Benchmark Electronics by 65.7% during the second quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock worth $27,000 after buying an additional 272 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Benchmark Electronics during the 2nd quarter worth approximately $41,000. CWM LLC increased its stake in Benchmark Electronics by 81.9% in the second quarter. CWM LLC now owns 1,106 shares of the technology company’s stock valued at $44,000 after acquiring an additional 498 shares during the last quarter. Quarry LP raised its position in Benchmark Electronics by 172.5% during the second quarter. Quarry LP now owns 1,379 shares of the technology company’s stock valued at $54,000 after purchasing an additional 873 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Benchmark Electronics during the second quarter worth $61,000. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Stock Up 0.9 %

Shares of BHE opened at $48.49 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.36. Benchmark Electronics, Inc. has a 52 week low of $24.75 and a 52 week high of $52.57. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 28.19 and a beta of 0.97. The stock has a fifty day moving average of $45.80 and a 200-day moving average of $42.91.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.00 million. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The business’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share.

Benchmark Electronics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. This is an increase from Benchmark Electronics’s previous quarterly dividend of $0.17. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.53%.

Insider Buying and Selling

In other news, CEO Jeff Benck sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $45.90, for a total value of $1,101,600.00. Following the transaction, the chief executive officer now owns 424,173 shares in the company, valued at approximately $19,469,540.70. The trade was a 5.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rhonda R. Turner sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total transaction of $281,880.00. Following the completion of the sale, the senior vice president now directly owns 47,991 shares in the company, valued at approximately $2,254,617.18. This represents a 11.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BHE shares. Needham & Company LLC lifted their price target on Benchmark Electronics from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.33.

Benchmark Electronics 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.