Benchmark Electronics, Inc. (NYSE:BHE) CEO Sells $271,860.00 in Stock

Benchmark Electronics, Inc. (NYSE:BHE) CEO Jeff Benck sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $45.31, for a total transaction of $271,860.00. Following the sale, the chief executive officer now directly owns 418,173 shares in the company, valued at $18,947,418.63. The trade was a 1.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeff Benck also recently made the following trade(s):

• On Tuesday, November 5th, Jeff Benck sold 24,000 shares of Benchmark Electronics stock. The stock was sold at an average price of $45.90, for a total transaction of $1,101,600.00.

Benchmark Electronics Trading Up 1.8 %

Shares of NYSE:BHE opened at $47.84 on Thursday. Benchmark Electronics, Inc. has a 1 year low of $25.35 and a 1 year high of $52.57. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 27.81 and a beta of 1.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. The business’s 50 day moving average price is $47.50 and its 200-day moving average price is $44.24.

Benchmark Electronics (NYSE:BHE) last announced 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. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.00 million. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue was down 8.6% on a year-over-year basis.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. Benchmark Electronics’s payout ratio is currently 39.53%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BHE. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of Benchmark Electronics in a research note on Tuesday. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHE. Quest Partners LLC purchased a new position in Benchmark Electronics in the 2nd quarter valued at $41,000. Quarry LP lifted its holdings in Benchmark Electronics by 172.5% in the 2nd 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. KBC Group NV lifted its holdings in Benchmark Electronics by 125.3% in the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock valued at $68,000 after purchasing an additional 853 shares in the last quarter. CWM LLC lifted its holdings in Benchmark Electronics by 54.2% in the 3rd quarter. CWM LLC now owns 1,706 shares of the technology company’s stock valued at $76,000 after purchasing an additional 600 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Benchmark Electronics by 161.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,255 shares of the technology company’s stock valued at $100,000 after purchasing an additional 1,392 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

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.