Cerity Partners LLC Acquires New Shares in Benchmark Electronics, Inc. (NYSE:BHE)

Cerity Partners LLC bought a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,849 shares of the technology company’s stock, valued at approximately $489,000.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Benchmark Electronics by 2.6% in the first quarter. Principal Financial Group Inc. now owns 195,435 shares of the technology company’s stock worth $7,432,000 after purchasing an additional 4,991 shares during the period. Teacher Retirement System of Texas boosted its holdings in Benchmark Electronics by 150.1% during the first quarter. Teacher Retirement System of Texas now owns 151,802 shares of the technology company’s stock valued at $5,773,000 after purchasing an additional 91,107 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in Benchmark Electronics during the first quarter valued at approximately $4,859,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Benchmark Electronics by 11.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 16,389 shares of the technology company’s stock worth $623,000 after acquiring an additional 1,662 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its holdings in shares of Benchmark Electronics by 25.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 23,645 shares of the technology company’s stock worth $899,000 after acquiring an additional 4,848 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Needham & Company LLC reduced their target price on Benchmark Electronics from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Lake Street Capital cut their price target on Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st.

Benchmark Electronics Price Performance

BHE stock opened at $38.85 on Friday. The stock has a 50-day moving average price of $38.33 and a two-hundred day moving average price of $39.20. The stock has a market cap of $1.40 billion, a PE ratio of 26.79 and a beta of 0.95. The company has a current ratio of 2.37, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. Benchmark Electronics, Inc. has a 1 year low of $30.73 and a 1 year high of $52.57.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Benchmark Electronics had a net margin of 2.03% and a return on equity of 6.37%. The company had revenue of $631.76 million during the quarter, compared to the consensus estimate of $640.00 million. During the same period in the prior year, the business posted $0.55 EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis.

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, June 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.75%. Benchmark Electronics’s dividend payout ratio is 46.90%.

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.