Benchmark Electronics, Inc. (NYSE:BHE) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 17.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,692 shares of the technology company’s stock after buying an additional 4,043 shares during the quarter. WINTON GROUP Ltd owned approximately 0.08% of Benchmark Electronics worth $1,093,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Benchmark Electronics in the 1st quarter valued at approximately $27,000. UMB Bank n.a. increased its holdings in Benchmark Electronics by 65.7% in the second 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 last quarter. Parallel Advisors LLC lifted its holdings in Benchmark Electronics by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after buying an additional 566 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Benchmark Electronics during the 2nd quarter worth about $41,000. Finally, CWM LLC raised its position 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 acquiring an additional 498 shares in the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BHE. StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Lake Street Capital lifted their price target on shares of Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC boosted their price target on shares of Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.33.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of Benchmark Electronics stock in a transaction that occurred 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 transaction, the director now directly owns 42,027 shares in the company, valued at approximately $1,794,552.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

Benchmark Electronics Price Performance

Shares of NYSE BHE opened at $42.32 on Monday. The stock has a market cap of $1.53 billion, a P/E ratio of 23.13 and a beta of 0.98. Benchmark Electronics, Inc. has a twelve month low of $22.66 and a twelve month high of $48.58. The stock has a 50 day moving average of $41.46 and a two-hundred day moving average of $37.54. The company has a current ratio of 2.35, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Benchmark Electronics had a net margin of 2.45% and a return on equity of 7.17%. The firm had revenue of $666.00 million during the quarter, compared to the consensus estimate of $635.75 million. During the same quarter in the prior year, the firm earned $0.48 EPS. Benchmark Electronics’s revenue for the quarter was down 9.2% on a year-over-year basis.

Benchmark Electronics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Benchmark Electronics’s previous quarterly dividend of $0.17. Benchmark Electronics’s payout ratio is 37.16%.

Benchmark Electronics 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.