Bridgeway Capital Management LLC Grows Stock Position in Benchmark Electronics, Inc. (NYSE:BHE)

Bridgeway Capital Management LLC grew its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 346,368 shares of the technology company’s stock after buying an additional 39,389 shares during the period. Bridgeway Capital Management LLC’s holdings in Benchmark Electronics were worth $15,725,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BHE. Parkside Financial Bank & Trust bought a new position in Benchmark Electronics in the 4th quarter valued at $50,000. KBC Group NV grew its position in Benchmark Electronics by 40.2% during the fourth quarter. KBC Group NV now owns 2,151 shares of the technology company’s stock worth $98,000 after buying an additional 617 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 292 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Benchmark Electronics by 94.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company’s stock worth $213,000 after acquiring an additional 2,278 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Benchmark Electronics by 10.7% in the 4th quarter. Bank of Montreal Can now owns 5,100 shares of the technology company’s stock valued at $232,000 after acquiring an additional 495 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total value of $232,920.00. Following the completion of the sale, the chief executive officer now directly owns 448,180 shares in the company, valued at $17,398,347.60. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

BHE has been the subject of several research analyst reports. Needham & Company LLC dropped their target price on shares of Benchmark Electronics from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Lake Street Capital dropped their price objective on shares of Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Finally, StockNews.com downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday.

Benchmark Electronics Trading Down 0.4 %

Shares of BHE stock opened at $34.71 on Tuesday. The business has a 50-day moving average of $37.30 and a 200 day moving average of $42.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. Benchmark Electronics, Inc. has a 1-year low of $30.73 and a 1-year high of $52.57. The stock has a market capitalization of $1.25 billion, a PE ratio of 20.07 and a beta of 0.92.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Tuesday, April 29th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The firm had revenue of $631.76 million for the quarter, compared to analysts’ expectations of $640.00 million. Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share.

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a dividend of $0.17 per share. The ex-dividend date was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.96%. Benchmark Electronics’s dividend payout ratio is presently 46.90%.

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.