Benchmark Electronics, Inc. $BHE Holdings Lifted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its position in Benchmark Electronics, Inc. (NYSE:BHE) by 278.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 34,135 shares of the technology company’s stock after acquiring an additional 25,107 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Benchmark Electronics were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. ProShare Advisors LLC raised its holdings in shares of Benchmark Electronics by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 6,952 shares of the technology company’s stock valued at $297,000 after buying an additional 214 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Benchmark Electronics by 4.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,097 shares of the technology company’s stock worth $286,000 after buying an additional 226 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Benchmark Electronics by 3.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,158 shares of the technology company’s stock valued at $306,000 after acquiring an additional 228 shares during the period. Rockefeller Capital Management L.P. increased its position in Benchmark Electronics by 69.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after acquiring an additional 250 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Benchmark Electronics by 28.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock valued at $62,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

Insider Buying and Selling at Benchmark Electronics

In related news, SVP Stephen J. Beaver sold 20,000 shares of Benchmark Electronics stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the transaction, the senior vice president directly owned 75,020 shares of the company’s stock, valued at $6,470,475. The trade was a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth T. Lamneck sold 24,263 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $81.49, for a total transaction of $1,977,191.87. Following the completion of the sale, the director owned 47,418 shares in the company, valued at approximately $3,864,092.82. This trade represents a 33.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 86,352 shares of company stock valued at $7,312,806. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

BHE has been the subject of a number of analyst reports. Lake Street Capital reiterated a “buy” rating and set a $92.00 price target on shares of Benchmark Electronics in a research report on Thursday, April 30th. Needham & Company LLC raised their price target on Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Benchmark Electronics Price Performance

Shares of NYSE:BHE opened at $81.58 on Thursday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 85.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.18 and a quick ratio of 1.42. Benchmark Electronics, Inc. has a 12 month low of $34.44 and a 12 month high of $100.41. The stock’s 50 day moving average price is $87.14 and its 200 day moving average price is $67.26.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The firm had revenue of $677.28 million during the quarter, compared to analyst estimates of $676.25 million. During the same period last year, the company posted $0.52 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.68 annualized dividend and a yield of 0.8%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 71.58%.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early?stage design and prototyping to high?volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.

At the core of Benchmark’s offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.