Benchmark Electronics, Inc. (NYSE:BHE) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,695 shares of the technology company’s stock after acquiring an additional 5,514 shares during the period. Teacher Retirement System of Texas owned about 0.17% of Benchmark Electronics worth $2,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Captrust Financial Advisors lifted its position in shares of Benchmark Electronics by 3.8% during the third quarter. Captrust Financial Advisors now owns 6,535 shares of the technology company’s stock worth $290,000 after purchasing an additional 242 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Benchmark Electronics by 12.9% in the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock worth $116,000 after acquiring an additional 292 shares in the last quarter. Heritage Family Offices LLP raised its position in shares of Benchmark Electronics by 5.7% during the 4th quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company’s stock valued at $280,000 after acquiring an additional 334 shares in the last quarter. Highland Capital Management LLC lifted its stake in Benchmark Electronics by 6.4% during the fourth quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company’s stock worth $255,000 after purchasing an additional 337 shares during the last quarter. Finally, KBC Group NV increased its stake in Benchmark Electronics by 40.2% during the fourth quarter. KBC Group NV now owns 2,151 shares of the technology company’s stock valued at $98,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 92.29% of the company’s stock.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total transaction of $232,920.00. Following the completion of the sale, the chief executive officer now directly owns 448,180 shares of the company’s stock, valued at approximately $17,398,347.60. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Benchmark Electronics Price Performance

Shares of BHE opened at $40.60 on Wednesday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 23.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The stock’s fifty day moving average is $41.95 and its 200-day moving average is $44.43. Benchmark Electronics, Inc. has a one year low of $28.64 and a one year high of $52.57.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 1.67%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.31%.

Wall Street Analysts Forecast Growth

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

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.