Jeffrey Stephen Mccreary Sells 10,000 Shares of Benchmark Electronics, Inc. (NYSE:BHE) Stock

Benchmark Electronics, Inc. (NYSE:BHE) Director Jeffrey Stephen Mccreary sold 10,000 shares of Benchmark Electronics stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total value of $394,900.00. Following the completion of the transaction, the director now owns 45,062 shares of the company’s stock, valued at approximately $1,779,498.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Benchmark Electronics Stock Up 2.3 %

BHE stock traded up $0.90 during trading on Wednesday, hitting $40.04. 382,062 shares of the company’s stock traded hands, compared to its average volume of 305,672. The firm has a market capitalization of $1.44 billion, a P/E ratio of 21.58 and a beta of 1.00. Benchmark Electronics, Inc. has a 1 year low of $20.58 and a 1 year high of $40.04. The company has a quick ratio of 1.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $30.62 and a two-hundred day simple moving average of $28.12.

Benchmark Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, March 27th. Benchmark Electronics’s dividend payout ratio (DPR) is currently 36.07%.

Analyst Ratings Changes

BHE has been the subject of a number of research reports. Needham & Company LLC boosted their price target on Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a report on Monday. Sidoti downgraded Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Monday, April 29th. Finally, StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd.

Institutional Investors Weigh In On Benchmark Electronics

A number of institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp raised its holdings in Benchmark Electronics by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 31,229 shares of the technology company’s stock worth $937,000 after purchasing an additional 405 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Benchmark Electronics by 1.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 28,848 shares of the technology company’s stock worth $797,000 after buying an additional 500 shares during the last quarter. Uncommon Cents Investing LLC raised its position in shares of Benchmark Electronics by 4.5% during the 1st quarter. Uncommon Cents Investing LLC now owns 12,360 shares of the technology company’s stock valued at $371,000 after buying an additional 530 shares during the period. Truvestments Capital LLC grew its position in Benchmark Electronics by 4.0% in the third quarter. Truvestments Capital LLC now owns 14,085 shares of the technology company’s stock worth $342,000 after acquiring an additional 548 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Benchmark Electronics by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after purchasing an additional 566 shares during the period. Institutional investors own 92.29% of the company’s stock.

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.