Benchmark Electronics, Inc. (NYSE:BHE) VP Scott R. Peterson sold 7,104 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $32.03, for a total transaction of $227,541.12. Following the completion of the sale, the vice president now directly owns 23,769 shares of the company’s stock, valued at approximately $761,321.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) traded down 1.83% during mid-day trading on Monday, hitting $32.15. 83,298 shares of the stock were exchanged. The company’s 50-day moving average is $31.59 and its 200-day moving average is $28.33. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 24.92 and a beta of 0.65. Benchmark Electronics, Inc. has a 1-year low of $18.54 and a 1-year high of $33.44.
Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. Benchmark Electronics had a net margin of 2.77% and a return on equity of 5.14%. The company earned $608 million during the quarter, compared to analysts’ expectations of $598.39 million. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Equities research analysts anticipate that Benchmark Electronics, Inc. will post $1.50 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Benchmark Electronics during the fourth quarter worth about $22,908,000. Numeric Investors LLC boosted its position in shares of Benchmark Electronics by 3.4% in the fourth quarter. Numeric Investors LLC now owns 640,498 shares of the company’s stock worth $19,535,000 after buying an additional 21,100 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Benchmark Electronics by 6.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,600 shares of the company’s stock worth $811,000 after buying an additional 1,700 shares in the last quarter. Summit Global Investments acquired a new position in shares of Benchmark Electronics during the fourth quarter worth about $509,000. Finally, AQR Capital Management LLC boosted its position in shares of Benchmark Electronics by 0.7% in the fourth quarter. AQR Capital Management LLC now owns 409,241 shares of the company’s stock worth $12,482,000 after buying an additional 2,669 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.
Several equities research analysts have recently weighed in on BHE shares. Needham & Company LLC boosted their target price on shares of Benchmark Electronics from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Zacks Investment Research raised shares of Benchmark Electronics from a “sell” rating to a “hold” rating in a research report on Wednesday, December 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.50.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.
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