Wellington Management Group LLP Acquires 8,000 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Wellington Management Group LLP boosted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 436,181 shares of the technology company’s stock after purchasing an additional 8,000 shares during the quarter. Wellington Management Group LLP owned about 1.21% of Benchmark Electronics worth $19,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parkside Financial Bank & Trust acquired a new stake in shares of Benchmark Electronics during the 4th quarter worth about $50,000. KBC Group NV raised its holdings in Benchmark Electronics by 40.2% in the 4th quarter. KBC Group NV now owns 2,151 shares of the technology company’s stock valued at $98,000 after acquiring an additional 617 shares during the period. GAMMA Investing LLC lifted its position in Benchmark Electronics by 12.9% during the fourth quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock worth $116,000 after acquiring an additional 292 shares during the last quarter. Summit Global Investments bought a new stake in shares of Benchmark Electronics during the fourth quarter worth approximately $242,000. Finally, Highland Capital Management LLC grew its position in shares of Benchmark Electronics by 6.4% in the fourth quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company’s stock valued at $255,000 after purchasing an additional 337 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Stock Up 2.1 %

Shares of BHE opened at $33.36 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.20 billion, a PE ratio of 19.28 and a beta of 0.83. The firm’s 50 day moving average is $40.06 and its 200-day moving average is $44.12. Benchmark Electronics, Inc. has a 12 month low of $28.64 and a 12 month high of $52.57.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.04%. Benchmark Electronics’s payout ratio is 39.31%.

Insider Buying and Selling at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $45.31, for a total transaction of $271,860.00. Following the sale, the chief executive officer now owns 418,173 shares in the company, valued at approximately $18,947,418.63. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Benchmark Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Benchmark Electronics 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.