ExodusPoint Capital Management LP Takes Position in Benchmark Electronics, Inc. (NYSE:BHE)

ExodusPoint Capital Management LP bought a new position in Benchmark Electronics, Inc. (NYSE:BHE) in the fourth quarter, Holdings Channel.com reports. The firm bought 41,706 shares of the technology company’s stock, valued at approximately $1,893,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust purchased a new stake in shares of Benchmark Electronics in the 4th quarter valued at $50,000. KBC Group NV lifted 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 valued at $98,000 after purchasing an additional 617 shares during the period. GAMMA Investing LLC boosted its holdings in Benchmark Electronics by 12.9% in the fourth quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock valued at $116,000 after purchasing an additional 292 shares during the last quarter. Summit Global Investments acquired a new stake in Benchmark Electronics during the 4th quarter worth about $242,000. Finally, Highland Capital Management LLC grew its position in Benchmark Electronics by 6.4% during the 4th 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 period. Institutional investors and hedge funds own 92.29% of the company’s stock.

Insider Buying and Selling at Benchmark Electronics

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

Benchmark Electronics Trading Down 1.6 %

BHE stock opened at $32.86 on Wednesday. Benchmark Electronics, Inc. has a 52-week low of $28.64 and a 52-week high of $52.57. The company has a quick ratio of 1.46, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.18 billion, a P/E ratio of 18.99 and a beta of 0.83. The company’s 50-day simple moving average is $39.63 and its 200-day simple moving average is $43.96.

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

Benchmark Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, March 31st. Benchmark Electronics’s dividend payout ratio is presently 39.31%.

Wall Street Analysts Forecast Growth

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

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.