Engaged Capital LLC maintained its position in Benchmark Electronics Inc. (NYSE:BHE) during the second quarter, Holdings Channel reports. The institutional investor owned 2,428,221 shares of the company’s stock at the end of the second quarter. Benchmark Electronics makes up 18.1% of Engaged Capital LLC’s investment portfolio, making the stock its 2nd largest position. Engaged Capital LLC’s holdings in Benchmark Electronics were worth $51,357,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in shares of Benchmark Electronics by 10.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 4,721 shares of the company’s stock valued at $100,000 after buying an additional 451 shares during the period. Schroder Investment Management Group increased its stake in shares of Benchmark Electronics by 122.2% in the second quarter. Schroder Investment Management Group now owns 6,000 shares of the company’s stock valued at $127,000 after buying an additional 3,300 shares during the period. PineBridge Investments L.P. increased its stake in shares of Benchmark Electronics by 5.3% in the second quarter. PineBridge Investments L.P. now owns 6,254 shares of the company’s stock valued at $132,000 after buying an additional 316 shares during the period. Pacad Investment Ltd. purchased a new stake in shares of Benchmark Electronics during the second quarter valued at about $168,000. Finally, BlackRock Inc. increased its stake in shares of Benchmark Electronics by 24.7% in the first quarter. BlackRock Inc. now owns 8,263 shares of the company’s stock valued at $190,000 after buying an additional 1,636 shares during the period. Institutional investors own 96.18% of the company’s stock.

Benchmark Electronics Inc. (NYSE:BHE) opened at 24.31 on Wednesday. The company has a market capitalization of $1.19 billion, a PE ratio of 14.77 and a beta of 0.71. The firm has a 50-day moving average of $24.12 and a 200 day moving average of $22.14. Benchmark Electronics Inc. has a 12-month low of $18.36 and a 12-month high of $24.60.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Thursday, July 21st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by $0.01. The business had revenue of $579 million for the quarter, compared to the consensus estimate of $582.89 million. Benchmark Electronics had a return on equity of 5.52% and a net margin of 3.51%. The company’s revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. Analysts forecast that Benchmark Electronics Inc. will post $1.34 EPS for the current fiscal year.

Several brokerages recently issued reports on BHE. TheStreet upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of Benchmark Electronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Monday, July 25th. B. Riley reiterated a “neutral” rating and issued a $23.00 target price on shares of Benchmark Electronics in a research note on Monday, July 25th. Finally, Needham & Company LLC raised their target price on shares of Benchmark Electronics from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.00.

In related news, insider Jon J. King sold 12,774 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $23.57, for a total transaction of $301,083.18. Following the transaction, the insider now directly owns 40,624 shares in the company, valued at $957,507.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gayla J. Delly sold 25,497 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $24.22, for a total transaction of $617,537.34. Following the transaction, the chief executive officer now owns 276,264 shares in the company, valued at $6,691,114.08. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a provider of integrated electronic manufacturing services. The Company provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.

5 Day Chart for NYSE:BHE

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