Foundry Partners LLC Sells 13,495 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Foundry Partners LLC lowered its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 8.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 144,790 shares of the technology company’s stock after selling 13,495 shares during the period. Foundry Partners LLC’s holdings in Benchmark Electronics were worth $6,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BHE. Intech Investment Management LLC bought a new stake in Benchmark Electronics in the 3rd quarter valued at $1,063,000. Jennison Associates LLC acquired a new stake in shares of Benchmark Electronics in the 3rd quarter valued at about $1,201,000. Segall Bryant & Hamill LLC bought a new stake in shares of Benchmark Electronics in the third quarter valued at about $3,334,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Benchmark Electronics during the third quarter worth about $945,000. Finally, Natixis Advisors LLC grew its holdings in shares of Benchmark Electronics by 8.3% during the third quarter. Natixis Advisors LLC now owns 27,233 shares of the technology company’s stock worth $1,207,000 after buying an additional 2,078 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.70, for a total transaction of $302,017.10. Following the sale, the director now owns 42,027 shares of the company’s stock, valued at approximately $1,794,552.90. The trade was a 14.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Rhonda R. Turner sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total value of $281,880.00. Following the sale, the senior vice president now owns 47,991 shares in the company, valued at approximately $2,254,617.18. This trade represents a 11.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,073 shares of company stock worth $1,685,497 over the last quarter. Company insiders own 2.10% of the company’s stock.

Benchmark Electronics Stock Down 0.5 %

BHE stock opened at $47.09 on Thursday. Benchmark Electronics, Inc. has a twelve month low of $24.75 and a twelve month high of $52.57. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 27.38 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $44.94 and a two-hundred day moving average price of $42.47.

Benchmark Electronics (NYSE:BHE) last issued 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 net margin of 2.32% and a return on equity of 6.81%. The company had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $650.00 million. During the same period in the prior year, the firm earned $0.57 EPS. Benchmark Electronics’s quarterly revenue was down 8.6% compared to the same quarter last year.

Benchmark Electronics Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Benchmark Electronics’s previous quarterly dividend of $0.17. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com cut Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Monday. Lake Street Capital increased 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. Finally, Needham & Company LLC raised their target price on shares of Benchmark Electronics from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.33.

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.