Benchmark Electronics, Inc. (NYSE:BHE - Get Free Report) CEO Jeff Benck sold 24,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total value of $1,101,600.00. Following the sale, the chief executive officer now directly owns 424,173 shares in the company, valued at approximately $19,469,540.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Benchmark Electronics Price Performance
BHE stock opened at $51.42 on Friday. Benchmark Electronics, Inc. has a 52-week low of $23.62 and a 52-week high of $52.49. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $43.65 and a two-hundred day moving average of $41.37. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 29.90 and a beta of 0.97.
Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results on Wednesday, October 30th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.00 million. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. Benchmark Electronics's revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share.
Benchmark Electronics Increases Dividend
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The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date was Monday, September 30th. This is a boost from Benchmark Electronics's previous quarterly dividend of $0.17. Benchmark Electronics's payout ratio is 39.53%.
Hedge Funds Weigh In On Benchmark Electronics
Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in shares of Benchmark Electronics by 65.7% in the 2nd quarter. UMB Bank n.a. now owns 686 shares of the technology company's stock worth $27,000 after acquiring an additional 272 shares during the period. Quest Partners LLC purchased a new position in shares of Benchmark Electronics during the 2nd quarter worth $41,000. CWM LLC lifted its stake in shares of Benchmark Electronics by 81.9% during the 2nd quarter. CWM LLC now owns 1,106 shares of the technology company's stock worth $44,000 after purchasing an additional 498 shares during the period. Quarry LP lifted its stake in shares of Benchmark Electronics by 172.5% during the 2nd quarter. Quarry LP now owns 1,379 shares of the technology company's stock worth $54,000 after purchasing an additional 873 shares during the period. Finally, Innealta Capital LLC purchased a new position in shares of Benchmark Electronics during the 2nd quarter worth $61,000. Institutional investors and hedge funds own 92.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on BHE. Needham & Company LLC increased their price target on Benchmark Electronics from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Lake Street Capital raised their target price on Benchmark Electronics from $35.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Benchmark Electronics has an average rating of "Hold" and a consensus price target of $42.33.
View Our Latest Research Report on Benchmark Electronics
About Benchmark Electronics
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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.
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