Everence Capital Management Inc. Takes Position in Benchmark Electronics, Inc. (NYSE:BHE)

Everence Capital Management Inc. bought a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,080 shares of the technology company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System bought a new position in Benchmark Electronics during the fourth quarter worth $495,000. Nisa Investment Advisors LLC lifted its stake in Benchmark Electronics by 1.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 28,848 shares of the technology company’s stock worth $797,000 after purchasing an additional 500 shares during the last quarter. Camelot Portfolios LLC bought a new position in Benchmark Electronics during the fourth quarter worth $242,000. Trust Point Inc. bought a new position in Benchmark Electronics during the fourth quarter worth $445,000. Finally, Uncommon Cents Investing LLC bought a new position in Benchmark Electronics during the fourth quarter worth $327,000. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Benchmark Electronics Stock Performance

BHE stock opened at $29.62 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.33 and a current ratio of 2.29. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.46 and a beta of 1.02. Benchmark Electronics, Inc. has a 1 year low of $20.58 and a 1 year high of $31.75. The stock’s fifty day moving average is $29.93 and its two-hundred day moving average is $27.31.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $691.35 million for the quarter. Benchmark Electronics had a return on equity of 6.95% and a net margin of 2.27%.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Wednesday, March 27th. Benchmark Electronics’s dividend payout ratio is currently 36.67%.

Analyst Ratings Changes

Several equities analysts recently issued reports on BHE shares. Needham & Company LLC raised their price objective on Benchmark Electronics from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. StockNews.com cut Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

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.