Captrust Financial Advisors Has $290,000 Stock Position in Benchmark Electronics, Inc. (NYSE:BHE)

Captrust Financial Advisors boosted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,535 shares of the technology company’s stock after purchasing an additional 242 shares during the quarter. Captrust Financial Advisors’ holdings in Benchmark Electronics were worth $290,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of 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 period. Quest Partners LLC bought a new stake in shares of Benchmark Electronics in the 2nd quarter worth approximately $41,000. CWM LLC lifted its position in shares of Benchmark Electronics by 81.9% in 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 during the period. Quarry LP grew its holdings in shares of Benchmark Electronics by 172.5% during the 2nd quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after purchasing an additional 873 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Benchmark Electronics in the second quarter valued at $61,000. 92.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BHE shares. Needham & Company LLC lifted their price target on shares of Benchmark Electronics from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.33.

Insider Activity at Benchmark Electronics

In other Benchmark Electronics news, SVP Rhonda R. Turner sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total value of $281,880.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeff Benck sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the transaction, the chief executive officer now owns 424,173 shares in the company, valued at $19,469,540.70. The trade was a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Benchmark Electronics Stock Performance

Shares of NYSE:BHE opened at $48.33 on Friday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 28.10 and a beta of 0.99. The business’s fifty day moving average price is $46.70 and its two-hundred day moving average price is $43.34. Benchmark Electronics, Inc. has a fifty-two week low of $25.35 and a fifty-two week high of $52.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, October 30th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.00 million. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.41%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.53%.

About Benchmark Electronics

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.