Benchmark Electronics (NYSE:BHE) Hits New 12-Month High at $30.76

Benchmark Electronics, Inc. (NYSE:BHE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.76 and last traded at $30.76, with a volume of 118 shares traded. The stock had previously closed at $30.43.

The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.12 and a beta of 0.87. The company has a 50-day moving average price of $28.66 and a 200-day moving average price of $26.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.93 and a current ratio of 2.58.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $601.60 million during the quarter, compared to analyst estimates of $569.45 million. Benchmark Electronics had a return on equity of 5.43% and a net margin of 2.35%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.96%. Benchmark Electronics’s payout ratio is currently 41.38%.

In related news, Director Robert K. Gifford sold 3,054 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $26.75, for a total value of $81,694.50. Following the completion of the transaction, the director now directly owns 19,143 shares in the company, valued at approximately $512,075.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lisa K. Weeks sold 3,518 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $28.31, for a total value of $99,594.58. Following the completion of the transaction, the vice president now owns 24,224 shares of the company’s stock, valued at $685,781.44. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of BHE. Nordea Investment Management AB acquired a new position in shares of Benchmark Electronics in the 1st quarter valued at approximately $4,338,000. First Trust Advisors LP acquired a new position in shares of Benchmark Electronics in the 1st quarter valued at approximately $433,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Benchmark Electronics in the 2nd quarter valued at approximately $644,000. Robeco Institutional Asset Management B.V. grew its position in shares of Benchmark Electronics by 3.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 464,019 shares of the technology company’s stock valued at $11,657,000 after purchasing an additional 15,044 shares during the period. Finally, Strs Ohio acquired a new position in shares of Benchmark Electronics in the 2nd quarter valued at approximately $798,000. Institutional investors and hedge funds own 94.19% of the company’s stock.

Benchmark Electronics Company Profile (NYSE:BHE)

Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.

Further Reading: Diluted Earnings Per Share

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