Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 8.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,431 shares of the technology company’s stock after selling 494 shares during the period. Mutual of America Capital Management LLC’s holdings in Benchmark Electronics were worth $241,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Miller Howard Investments Inc. NY raised its holdings in shares of Benchmark Electronics by 1.8% during the second quarter. Miller Howard Investments Inc. NY now owns 15,244 shares of the technology company’s stock valued at $602,000 after acquiring an additional 263 shares during the period. UMB Bank n.a. raised its position in shares of Benchmark Electronics by 65.7% during the second quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock valued at $27,000 after buying an additional 272 shares during the last quarter. Versor Investments LP lifted its position in Benchmark Electronics by 2.2% in the third quarter. Versor Investments LP now owns 14,115 shares of the technology company’s stock worth $626,000 after purchasing an additional 300 shares during the period. Inspire Investing LLC boosted its holdings in Benchmark Electronics by 4.0% during the third quarter. Inspire Investing LLC now owns 9,346 shares of the technology company’s stock valued at $414,000 after purchasing an additional 362 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Benchmark Electronics by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the technology company’s stock worth $714,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

Benchmark Electronics Stock Performance

NYSE:BHE opened at $48.05 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Benchmark Electronics, Inc. has a 1-year low of $24.75 and a 1-year high of $52.57. The stock has a 50 day simple moving average of $45.71 and a 200 day simple moving average of $42.84. The stock has a market cap of $1.73 billion, a P/E ratio of 27.94 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.57 EPS 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 the consensus estimate of $650.00 million. During the same period in the previous year, the business earned $0.57 earnings per share. The company’s revenue was down 8.6% on a year-over-year basis.

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 given a $0.17 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 annualized dividend and a yield of 1.42%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BHE. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday. Needham & Company LLC boosted their price target on shares of Benchmark Electronics from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

Insiders Place Their Bets

In other Benchmark Electronics news, SVP Rhonda R. Turner sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total transaction of $281,880.00. Following the sale, the senior vice president now owns 47,991 shares of the company’s stock, valued at approximately $2,254,617.18. This represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeff Benck sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the sale, the chief executive officer now directly owns 424,173 shares of the company’s stock, valued at approximately $19,469,540.70. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

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.