Everence Capital Management Inc. Takes Position in Benchmark Electronics, Inc. (NYSE:BHE)

Everence Capital Management Inc. acquired a new stake in Benchmark Electronics, Inc. (NYSE:BHE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,080 shares of the technology company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. raised its holdings in Benchmark Electronics by 2.9% in the second quarter. BlackRock Inc. now owns 6,569,238 shares of the technology company’s stock valued at $169,683,000 after acquiring an additional 187,258 shares in the last quarter. Vanguard Group Inc. raised its holdings in Benchmark Electronics by 4.5% in the third quarter. Vanguard Group Inc. now owns 4,074,295 shares of the technology company’s stock valued at $100,961,000 after acquiring an additional 173,727 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Benchmark Electronics by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,905,862 shares of the technology company’s stock valued at $72,763,000 after acquiring an additional 83,980 shares in the last quarter. State Street Corp raised its holdings in Benchmark Electronics by 0.5% in the third quarter. State Street Corp now owns 1,409,747 shares of the technology company’s stock valued at $35,166,000 after acquiring an additional 6,838 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Benchmark Electronics by 17.6% in the third quarter. Invesco Ltd. now owns 1,328,401 shares of the technology company’s stock valued at $32,227,000 after acquiring an additional 199,263 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BHE. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 1st. StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

Benchmark Electronics Stock Down 0.8 %

BHE stock opened at $29.62 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30. Benchmark Electronics, Inc. has a twelve month low of $20.58 and a twelve month high of $31.75. The company’s 50 day moving average is $29.93 and its two-hundred day moving average is $27.31. The stock has a market cap of $1.07 billion, a P/E ratio of 16.46 and a beta of 1.02.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Benchmark Electronics had a net margin of 2.27% and a return on equity of 6.95%. The company had revenue of $691.35 million for the quarter.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.165 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.66 dividend on an annualized basis and a yield of 2.23%. Benchmark Electronics’s payout ratio is currently 36.67%.

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.