Crossmark Global Holdings Inc. Has $369,000 Stock Position in Benchmark Electronics, Inc. (NYSE:BHE)

Crossmark Global Holdings Inc. boosted its position in Benchmark Electronics, Inc. (NYSE:BHE) by 16.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,329 shares of the technology company’s stock after buying an additional 1,195 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Benchmark Electronics were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Benchmark Electronics by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 184,332 shares of the technology company’s stock valued at $8,170,000 after buying an additional 6,561 shares during the last quarter. Highland Capital Management LLC bought a new stake in shares of Benchmark Electronics in the third quarter valued at approximately $234,000. Assenagon Asset Management S.A. grew its stake in shares of Benchmark Electronics by 4.5% in the third quarter. Assenagon Asset Management S.A. now owns 52,225 shares of the technology company’s stock worth $2,315,000 after acquiring an additional 2,248 shares during the last quarter. Raymond James & Associates increased its position in Benchmark Electronics by 6.4% during the third quarter. Raymond James & Associates now owns 71,251 shares of the technology company’s stock worth $3,158,000 after acquiring an additional 4,291 shares during the period. Finally, Creative Planning raised its stake in Benchmark Electronics by 14.0% during the 3rd quarter. Creative Planning now owns 55,925 shares of the technology company’s stock valued at $2,479,000 after purchasing an additional 6,880 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Trading Down 1.7 %

Shares of BHE stock opened at $47.06 on Monday. 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 firm has a fifty day moving average of $44.64 and a 200-day moving average of $42.23. Benchmark Electronics, Inc. has a 52-week low of $24.75 and a 52-week high of $52.57. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 27.36 and a beta of 0.97.

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

Benchmark Electronics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.17 dividend. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.68 annualized dividend and a yield of 1.44%. Benchmark Electronics’s payout ratio is currently 39.53%.

Analyst Upgrades and Downgrades

BHE has been the topic of several research analyst reports. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Sunday, November 10th. 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 report on Wednesday, July 31st. Finally, Needham & Company LLC upped their price target on Benchmark Electronics from $45.00 to $48.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.33.

Insider Buying and Selling at Benchmark Electronics

In other news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.70, for a total value of $302,017.10. Following the transaction, the director now directly owns 42,027 shares of the company’s stock, valued at $1,794,552.90. The trade was a 14.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeff Benck sold 24,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total value of $1,101,600.00. Following the sale, the chief executive officer now owns 424,173 shares in the company, valued at approximately $19,469,540.70. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.