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

Tributary Capital Management LLC lowered its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 10.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 576,129 shares of the technology company’s stock after selling 70,013 shares during the period. Benchmark Electronics makes up 2.0% of Tributary Capital Management LLC’s holdings, making the stock its 14th biggest holding. Tributary Capital Management LLC owned approximately 1.60% of Benchmark Electronics worth $25,534,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BHE. UMB Bank n.a. lifted its stake in Benchmark Electronics by 65.7% in the second quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock worth $27,000 after acquiring an additional 272 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Benchmark Electronics during the 2nd quarter worth approximately $41,000. CWM LLC lifted its position in shares of Benchmark Electronics by 81.9% during the 2nd quarter. CWM LLC now owns 1,106 shares of the technology company’s stock worth $44,000 after buying an additional 498 shares during the last quarter. Quarry LP lifted its position in shares of Benchmark Electronics by 172.5% during the 2nd quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after buying an additional 873 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Benchmark Electronics during the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

Benchmark Electronics Stock Up 0.6 %

BHE stock opened at $44.51 on Monday. The company has a fifty day moving average price of $42.86 and a 200 day moving average price of $40.46. Benchmark Electronics, Inc. has a 12 month low of $23.00 and a 12 month high of $48.58. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 24.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.35 and a quick ratio of 1.42.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $666.00 million during the quarter, compared to the consensus estimate of $635.75 million. Benchmark Electronics had a net margin of 2.45% and a return on equity of 7.17%. Benchmark Electronics’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS.

Benchmark Electronics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.17 dividend. This is a boost from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, September 30th. Benchmark Electronics’s payout ratio is currently 37.16%.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the business’s stock in a transaction on Monday, August 26th. The shares were 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 approximately $1,794,552.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Lake Street Capital boosted their price objective on shares of Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Needham & Company LLC boosted their price objective on shares of Benchmark Electronics from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.33.

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.