Heritage Family Offices LLP Has $280,000 Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Heritage Family Offices LLP boosted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,162 shares of the technology company’s stock after buying an additional 334 shares during the period. Heritage Family Offices LLP’s holdings in Benchmark Electronics were worth $280,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Benchmark Electronics by 55.2% during the third quarter. Victory Capital Management Inc. now owns 39,439 shares of the technology company’s stock worth $1,748,000 after acquiring an additional 14,020 shares during the period. FMR LLC raised its stake in shares of Benchmark Electronics by 27.3% in the 3rd quarter. FMR LLC now owns 120,126 shares of the technology company’s stock valued at $5,324,000 after purchasing an additional 25,769 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Benchmark Electronics by 2.6% in the third quarter. Geode Capital Management LLC now owns 841,602 shares of the technology company’s stock valued at $37,307,000 after purchasing an additional 21,355 shares in the last quarter. Algert Global LLC boosted its position in shares of Benchmark Electronics by 428.1% during the third quarter. Algert Global LLC now owns 32,887 shares of the technology company’s stock worth $1,458,000 after buying an additional 26,660 shares during the period. Finally, Barclays PLC grew its holdings in shares of Benchmark Electronics by 128.8% during the third quarter. Barclays PLC now owns 86,024 shares of the technology company’s stock worth $3,814,000 after buying an additional 48,425 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeff Benck sold 6,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $45.31, for a total value of $271,860.00. Following the sale, the chief executive officer now owns 418,173 shares in the company, valued at approximately $18,947,418.63. This represents a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 36,000 shares of company stock worth $1,655,340. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

BHE has been the topic of several research reports. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 price objective on shares of Benchmark Electronics in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.33.

Benchmark Electronics Stock Performance

Shares of NYSE BHE opened at $47.84 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.36. The stock has a 50 day moving average price of $47.50 and a 200 day moving average price of $44.24. The stock has a market capitalization of $1.72 billion, a PE ratio of 27.81 and a beta of 1.00. Benchmark Electronics, Inc. has a 52 week low of $25.35 and a 52 week high of $52.57.

Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, October 30th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. The business had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.00 million. During the same period last year, the business earned $0.57 earnings per share. The firm’s revenue was down 8.6% on a year-over-year basis.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.17 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.68 annualized dividend and a yield of 1.42%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.53%.

Benchmark Electronics 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.