Connor Clark & Lunn Investment Management Ltd. Acquires New Shares in Benchmark Electronics, Inc. $BHE

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Benchmark Electronics, Inc. (NYSE:BHE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,416 shares of the technology company’s stock, valued at approximately $4,087,000.

Several other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC boosted its stake in shares of Benchmark Electronics by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 6,952 shares of the technology company’s stock valued at $297,000 after purchasing an additional 214 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Benchmark Electronics by 4.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 5,097 shares of the technology company’s stock valued at $286,000 after purchasing an additional 226 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Benchmark Electronics by 3.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,158 shares of the technology company’s stock worth $306,000 after purchasing an additional 228 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Benchmark Electronics by 69.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Benchmark Electronics by 28.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock valued at $62,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BHE. Weiss Ratings upgraded shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $92.00 price target on shares of Benchmark Electronics in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $91.00.

Benchmark Electronics Stock Performance

NYSE:BHE opened at $73.41 on Friday. The stock has a market cap of $2.64 billion, a P/E ratio of 49.94 and a beta of 1.27. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $82.67 and its 200-day moving average is $73.88. Benchmark Electronics, Inc. has a 1-year low of $35.91 and a 1-year high of $100.41.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $755.98 million during the quarter, compared to the consensus estimate of $720.00 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics’s payout ratio is presently 46.26%.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, SVP Stephen J. Beaver sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $86.25, for a total value of $1,725,000.00. Following the completion of the transaction, the senior vice president directly owned 75,020 shares in the company, valued at approximately $6,470,475. This represents a 21.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early‐stage design and prototyping to high‐volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.

At the core of Benchmark’s offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.