WINTON GROUP Ltd decreased its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE – Free Report) by 34.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,957 shares of the technology company’s stock after selling 8,808 shares during the quarter. WINTON GROUP Ltd’s holdings in Benchmark Electronics were worth $1,673,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BHE. Rockefeller Capital Management L.P. boosted its stake in shares of Benchmark Electronics by 69.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Benchmark Electronics during the 2nd quarter worth approximately $64,000. Group One Trading LLC bought a new position in Benchmark Electronics in the 2nd quarter valued at approximately $73,000. Kestra Advisory Services LLC bought a new position in Benchmark Electronics in the 4th quarter valued at approximately $42,000. Finally, Global Retirement Partners LLC acquired a new stake in Benchmark Electronics in the second quarter valued at approximately $112,000. Institutional investors own 92.29% of the company’s stock.
Benchmark Electronics Stock Up 5.1%
Shares of BHE opened at $77.76 on Friday. The company has a market capitalization of $2.79 billion, a PE ratio of 52.90 and a beta of 1.26. Benchmark Electronics, Inc. has a 12 month low of $35.91 and a 12 month high of $100.41. The stock’s 50-day moving average price is $78.28 and its two-hundred day moving average price is $74.87. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16.
Benchmark Electronics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. Benchmark Electronics’s dividend payout ratio is 46.26%.
Wall Street Analyst Weigh In
BHE has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings downgraded Benchmark Electronics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.00.
Get Our Latest Research Report on Benchmark Electronics
Benchmark Electronics Company Profile
Benchmark Electronics, Inc (NYSE:BHE) provides engineering, manufacturing and technology solutions for original equipment manufacturers (OEMs). The company supports customers across the product life cycle, from design and prototyping to production, testing, supply-chain management, systems integration and aftermarket services.
Its capabilities include printed circuit board assembly, precision machining, advanced manufacturing, engineering design, product testing and integrated systems production.
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