Benchmark Electronics, Inc. (NYSE:BHE) SVP Sells $281,880.00 in Stock

Benchmark Electronics, Inc. (NYSE:BHE) SVP Rhonda R. Turner sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total value of $281,880.00. Following the completion of the sale, the senior vice president now owns 47,991 shares of the company’s stock, valued at $2,254,617.18. This trade represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Benchmark Electronics Trading Up 1.1 %

Shares of BHE stock opened at $48.17 on Friday. Benchmark Electronics, Inc. has a 52-week low of $24.75 and a 52-week high of $52.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.36. The firm has a market capitalization of $1.73 billion, a PE ratio of 28.01 and a beta of 0.97. The stock has a fifty day simple moving average of $45.21 and a two-hundred day simple moving average of $42.54.

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

Benchmark Electronics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was 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 presently 39.53%.

Institutional Investors Weigh In On Benchmark Electronics

A number of institutional investors have recently bought and sold shares of BHE. Janney Montgomery Scott LLC boosted its holdings in shares of Benchmark Electronics by 13.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,563 shares of the technology company’s stock valued at $287,000 after purchasing an additional 1,161 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Benchmark Electronics during the 1st quarter valued at about $136,000. Sei Investments Co. boosted its holdings in shares of Benchmark Electronics by 6.9% during the 1st quarter. Sei Investments Co. now owns 108,492 shares of the technology company’s stock valued at $3,256,000 after purchasing an additional 6,976 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Benchmark Electronics during the 1st quarter valued at about $214,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Benchmark Electronics by 31.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,313 shares of the technology company’s stock valued at $550,000 after purchasing an additional 4,368 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BHE. Needham & Company LLC upped their price objective on Benchmark Electronics from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Finally, Lake Street Capital upped their price objective on Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Benchmark Electronics currently has an average rating of “Hold” and a consensus target price of $42.33.

About Benchmark Electronics

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.