Truvestments Capital LLC Has $416,000 Stake in Benchmark Electronics, Inc. (NYSE:BHE)

Truvestments Capital LLC cut its position in Benchmark Electronics, Inc. (NYSE:BHE) by 5.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,864 shares of the technology company’s stock after selling 782 shares during the quarter. Truvestments Capital LLC’s holdings in Benchmark Electronics were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund Corp lifted its holdings in shares of Benchmark Electronics by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 31,229 shares of the technology company’s stock worth $937,000 after acquiring an additional 405 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Benchmark Electronics by 1.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 28,848 shares of the technology company’s stock worth $797,000 after purchasing an additional 500 shares in the last quarter. Uncommon Cents Investing LLC lifted its stake in Benchmark Electronics by 4.5% in the 1st quarter. Uncommon Cents Investing LLC now owns 12,360 shares of the technology company’s stock valued at $371,000 after purchasing an additional 530 shares during the last quarter. Parallel Advisors LLC boosted its position in Benchmark Electronics by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock valued at $32,000 after buying an additional 566 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its stake in shares of Benchmark Electronics by 1.0% during the fourth quarter. Keeley Teton Advisors LLC now owns 62,915 shares of the technology company’s stock worth $1,739,000 after buying an additional 597 shares during the last quarter. Institutional investors own 92.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BHE shares. Needham & Company LLC increased their price target on Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Fox Advisors lowered Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 15th. Sidoti downgraded Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday, April 29th. Finally, StockNews.com lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

Insider Activity at Benchmark Electronics

In other news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total transaction of $394,900.00. Following the completion of the sale, the director now owns 45,062 shares of the company’s stock, valued at approximately $1,779,498.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Jan M. Janick sold 6,777 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $38.87, for a total value of $263,421.99. Following the completion of the sale, the senior vice president now directly owns 67,774 shares of the company’s stock, valued at approximately $2,634,375.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Stephen Mccreary sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total value of $394,900.00. Following the transaction, the director now directly owns 45,062 shares in the company, valued at $1,779,498.38. The disclosure for this sale can be found here. Insiders have sold a total of 17,560 shares of company stock worth $688,374 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Benchmark Electronics Trading Up 1.3 %

NYSE BHE traded up $0.53 on Friday, reaching $42.46. The company had a trading volume of 237,033 shares, compared to its average volume of 266,191. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 23.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 1.41. Benchmark Electronics, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $44.85. The business has a 50 day moving average of $40.97 and a two-hundred day moving average of $34.25.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Benchmark Electronics had a return on equity of 7.20% and a net margin of 2.34%. The firm had revenue of $675.58 million for the quarter.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, June 28th. Benchmark Electronics’s dividend payout ratio is 36.07%.

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.