Empowered Funds LLC Buys 8,844 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Empowered Funds LLC increased its stake in shares of Benchmark Electronics, Inc. (NYSE:BHEFree Report) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,894 shares of the technology company’s stock after acquiring an additional 8,844 shares during the quarter. Empowered Funds LLC owned approximately 0.48% of Benchmark Electronics worth $7,707,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BHE. UMB Bank n.a. grew its stake 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 valued at $27,000 after buying an additional 272 shares during the period. Quest Partners LLC bought a new position in Benchmark Electronics in the second quarter worth approximately $41,000. CWM LLC grew 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 period. Quarry LP increased its holdings in shares of 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 acquiring an additional 873 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Benchmark Electronics by 125.3% during the third quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock worth $68,000 after purchasing an additional 853 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jeff Benck sold 24,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 424,173 shares in the company, valued at approximately $19,469,540.70. This represents a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Stephen Mccreary sold 7,073 shares of the firm’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 sale, the director now directly owns 42,027 shares of the company’s stock, valued at $1,794,552.90. This represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BHE. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Sunday, November 10th. Needham & Company LLC lifted their price objective on shares of Benchmark Electronics from $45.00 to $48.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Lake Street Capital upped their target price on shares of Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

Check Out Our Latest Stock Analysis on Benchmark Electronics

Benchmark Electronics Price Performance

BHE opened at $47.06 on Friday. The firm’s fifty day moving average price is $44.64 and its two-hundred day moving average price is $42.23. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 27.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. Benchmark Electronics, Inc. has a 1 year low of $24.75 and a 1 year high of $52.57.

Benchmark Electronics (NYSE:BHEGet Free Report) last issued its quarterly earnings data 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 net margin of 2.32% and a return on equity of 6.81%. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.00 million. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s quarterly revenue 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. Investors of record on Monday, September 30th were issued a dividend of $0.17 per share. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, September 30th. Benchmark Electronics’s dividend payout ratio (DPR) is 39.53%.

Benchmark Electronics Profile

(Free Report)

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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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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