Benchmark Electronics, Inc. (NYSE:BHE – Get Free Report) declared a quarterly dividend on Monday, December 15th. Investors of record on Wednesday, December 31st will be given a dividend of 0.17 per share by the technology company on Tuesday, January 13th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 31st.
Benchmark Electronics has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Benchmark Electronics has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings.
Benchmark Electronics Trading Up 0.1%
Shares of BHE stock opened at $47.24 on Tuesday. The firm’s 50 day moving average price is $43.54 and its two-hundred day moving average price is $40.68. Benchmark Electronics has a fifty-two week low of $30.73 and a fifty-two week high of $50.26. The company has a quick ratio of 1.50, a current ratio of 2.32 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 46.30 and a beta of 1.04.
Insider Activity at Benchmark Electronics
In related news, SVP Stephen J. Beaver sold 1,250 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $48.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president directly owned 85,745 shares of the company’s stock, valued at $4,115,760. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rhonda R. Turner sold 10,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $46.90, for a total value of $469,000.00. Following the transaction, the senior vice president directly owned 44,701 shares in the company, valued at approximately $2,096,476.90. This represents a 18.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 38,967 shares of company stock worth $1,797,582. Company insiders own 2.20% of the company’s stock.
Institutional Investors Weigh In On Benchmark Electronics
Several institutional investors and hedge funds have recently made changes to their positions in BHE. Aster Capital Management DIFC Ltd bought a new position in shares of Benchmark Electronics in the 3rd quarter worth about $40,000. Versant Capital Management Inc increased its stake in shares of Benchmark Electronics by 21.2% in the third quarter. Versant Capital Management Inc now owns 2,323 shares of the technology company’s stock valued at $90,000 after purchasing an additional 407 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Benchmark Electronics by 215.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the technology company’s stock valued at $116,000 after buying an additional 2,048 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Benchmark Electronics by 12.9% during the third quarter. PNC Financial Services Group Inc. now owns 3,124 shares of the technology company’s stock worth $120,000 after buying an additional 358 shares during the period. Finally, State of Wyoming acquired a new stake in Benchmark Electronics in the 2nd quarter valued at approximately $137,000. 92.29% of the stock is owned by institutional investors and hedge funds.
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.
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