Louisiana State Employees Retirement System Has $776,000 Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Louisiana State Employees Retirement System decreased its position in Benchmark Electronics, Inc. (NYSE:BHE) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,500 shares of the technology company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Benchmark Electronics were worth $776,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Benchmark Electronics by 65.7% during the 2nd quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock worth $27,000 after purchasing an additional 272 shares in the last quarter. Quest Partners LLC bought a new position in shares of Benchmark Electronics in the second quarter valued at $41,000. CWM LLC increased its holdings in Benchmark Electronics by 81.9% during the second quarter. CWM LLC now owns 1,106 shares of the technology company’s stock worth $44,000 after buying an additional 498 shares during the last quarter. Quarry LP raised its position in Benchmark Electronics by 172.5% during the second quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after acquiring an additional 873 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Benchmark Electronics in the second quarter valued at $61,000. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Stock Down 1.7 %

Benchmark Electronics stock opened at $45.16 on Tuesday. The stock has a market cap of $1.63 billion, a P/E ratio of 26.26 and a beta of 0.97. The company’s 50-day moving average price is $43.21 and its two-hundred day moving average price is $41.11. The company has a quick ratio of 1.42, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. Benchmark Electronics, Inc. has a twelve month low of $23.62 and a twelve month high of $48.58.

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

Benchmark Electronics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were issued a $0.17 dividend. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Monday, September 30th. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.53%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BHE shares. Needham & Company LLC upped their target price on shares of Benchmark Electronics from $45.00 to $48.00 and gave the company a “buy” rating in a report on Friday. StockNews.com lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Lake Street Capital lifted their target price on Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.33.

Insider Activity

In related news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.70, for a total transaction of $302,017.10. Following the sale, the director now owns 42,027 shares in the company, valued at approximately $1,794,552.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.10% 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.