Brandywine Global Investment Management LLC Grows Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Brandywine Global Investment Management LLC grew its position in shares of Benchmark Electronics, Inc. (NYSE:BHEGet Rating) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,228 shares of the technology company’s stock after purchasing an additional 4,649 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.26% of Benchmark Electronics worth $2,462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BHE. Robeco Institutional Asset Management B.V. lifted its stake in Benchmark Electronics by 2.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 105,329 shares of the technology company’s stock worth $2,811,000 after purchasing an additional 2,485 shares during the last quarter. Swiss National Bank lifted its stake in Benchmark Electronics by 1.9% in the fourth quarter. Swiss National Bank now owns 84,900 shares of the technology company’s stock worth $2,266,000 after purchasing an additional 1,600 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Benchmark Electronics by 87.5% in the third quarter. New York State Common Retirement Fund now owns 48,256 shares of the technology company’s stock worth $1,196,000 after purchasing an additional 22,526 shares during the last quarter. Nicola Wealth Management LTD. lifted its stake in Benchmark Electronics by 37.2% in the fourth quarter. Nicola Wealth Management LTD. now owns 51,600 shares of the technology company’s stock worth $1,865,000 after purchasing an additional 14,000 shares during the last quarter. Finally, MQS Management LLC bought a new stake in Benchmark Electronics in the third quarter worth $450,000. 93.41% of the stock is currently owned by hedge funds and other institutional investors.

Benchmark Electronics Price Performance

Shares of NYSE BHE opened at $23.37 on Friday. Benchmark Electronics, Inc. has a 1 year low of $20.58 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.38 and a quick ratio of 1.28. The company’s 50-day moving average is $22.24 and its 200 day moving average is $25.25. The stock has a market capitalization of $832.44 million, a P/E ratio of 11.86 and a beta of 1.05.

Benchmark Electronics (NYSE:BHEGet Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $694.70 million for the quarter, compared to analysts’ expectations of $660.00 million. Benchmark Electronics had a net margin of 2.36% and a return on equity of 7.31%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share.

Benchmark Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Friday, March 31st were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Thursday, March 30th. Benchmark Electronics’s payout ratio is 33.50%.

Analysts Set New Price Targets

Several equities analysts have recently commented on BHE shares. Needham & Company LLC lowered their price objective on shares of Benchmark Electronics from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, February 2nd. StockNews.com started coverage on shares of Benchmark Electronics in a research note on Thursday, May 18th. They set a “hold” rating for the company.

Benchmark Electronics Company Profile

(Get Rating)

Benchmark Electronics, Inc engages in the provision of integrated electronic manufacturing services, engineering and design services, and precision machining services. It operates through the following segments: Americas, Asia, and Europe. The firm offers services to original equipment manufacturers of industrial control telecommunication equipment, computers, and related products for business enterprises, medical devices, and testing and instrumentation products.

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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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