109,394 Shares in Benchmark Electronics, Inc. $BHE Bought by Man Group plc

Man Group plc bought a new stake in Benchmark Electronics, Inc. (NYSE:BHE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 109,394 shares of the technology company’s stock, valued at approximately $10,794,000. Man Group plc owned about 0.30% of Benchmark Electronics at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Benchmark Electronics during the 2nd quarter worth about $579,768,000. Franklin Resources Inc. raised its position in shares of Benchmark Electronics by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock worth $124,293,000 after acquiring an additional 218,450 shares in the last quarter. Earnest Partners LLC acquired a new stake in shares of Benchmark Electronics during the 4th quarter worth about $74,940,000. State Street Corp lifted its stake in Benchmark Electronics by 0.7% during the fourth quarter. State Street Corp now owns 1,389,766 shares of the technology company’s stock worth $59,661,000 after purchasing an additional 9,724 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in Benchmark Electronics by 0.6% during the second quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock worth $47,754,000 after purchasing an additional 6,868 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Stephen J. Beaver sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $86.25, for a total value of $1,725,000.00. Following the completion of the sale, the senior vice president directly owned 75,020 shares of the company’s stock, valued at approximately $6,470,475. This represents a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Needham & Company LLC boosted their price objective on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Benchmark Electronics has an average rating of “Buy” and a consensus price target of $91.00.

Benchmark Electronics Stock Down 3.2%

BHE opened at $71.30 on Friday. The business’s 50-day simple moving average is $82.26 and its 200-day simple moving average is $73.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.99. Benchmark Electronics, Inc. has a one year low of $35.91 and a one year high of $100.41. The stock has a market capitalization of $2.56 billion, a P/E ratio of 48.50 and a beta of 1.27.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $755.98 million during the quarter, compared to the consensus estimate of $720.00 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 EPS. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a $0.17 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Benchmark Electronics’s payout ratio is currently 46.26%.

About Benchmark Electronics

Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early‐stage design and prototyping to high‐volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.

At the core of Benchmark’s offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.