Benchmark Electronics, Inc. (NYSE:BHE) Director Jeffrey Stephen Mccreary bought 7,500 shares of the stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $20.35 per share, with a total value of $152,625.00.
Shares of BHE traded up $0.13 during mid-day trading on Friday, reaching $20.35. 176,339 shares of the company’s stock traded hands, compared to its average volume of 310,473. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 2.75. The business’s 50-day moving average price is $20.42 and its 200-day moving average price is $28.26. The stock has a market capitalization of $757.45 million, a P/E ratio of 59.85 and a beta of 1.07. Benchmark Electronics, Inc. has a 12 month low of $14.06 and a 12 month high of $37.36.
Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. Benchmark Electronics had a return on equity of 4.50% and a net margin of 0.62%. The firm had revenue of $515.00 million for the quarter, compared to analysts’ expectations of $510.00 million. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue was down 14.6% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of the business. First Trust Advisors LP bought a new stake in shares of Benchmark Electronics during the 1st quarter worth $433,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Benchmark Electronics in the 4th quarter valued at $455,000. New York State Teachers Retirement System increased its stake in Benchmark Electronics by 15.5% in the 4th quarter. New York State Teachers Retirement System now owns 135,509 shares of the technology company’s stock worth $4,656,000 after purchasing an additional 18,192 shares in the last quarter. Virginia Retirement Systems ET AL increased its stake in Benchmark Electronics by 26.2% in the 4th quarter. Virginia Retirement Systems ET AL now owns 23,600 shares of the technology company’s stock worth $811,000 after purchasing an additional 4,900 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Benchmark Electronics by 37.8% during the 4th quarter. California Public Employees Retirement System now owns 195,702 shares of the technology company’s stock worth $6,724,000 after buying an additional 53,650 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.
A number of research analysts recently issued reports on the company. Sidoti upgraded Benchmark Electronics from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, May 13th. Lake Street Capital upped their price target on shares of Benchmark Electronics from $24.00 to $28.00 in a research report on Thursday, April 30th.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.
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