Bridgeway Capital Management LLC Buys 39,389 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Bridgeway Capital Management LLC increased its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 12.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 346,368 shares of the technology company's stock after buying an additional 39,389 shares during the quarter. Bridgeway Capital Management LLC owned 0.96% of Benchmark Electronics worth $15,725,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust purchased a new stake in Benchmark Electronics during the fourth quarter valued at about $50,000. KBC Group NV boosted its holdings in Benchmark Electronics by 40.2% in the 4th quarter. KBC Group NV now owns 2,151 shares of the technology company's stock worth $98,000 after buying an additional 617 shares during the period. GAMMA Investing LLC grew its stake in Benchmark Electronics by 12.9% in the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock valued at $116,000 after buying an additional 292 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Benchmark Electronics by 94.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company's stock worth $213,000 after acquiring an additional 2,278 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Benchmark Electronics by 10.7% during the fourth quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock worth $232,000 after acquiring an additional 495 shares in the last quarter. Institutional investors own 92.29% of the company's stock.

Insider Buying and Selling

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the completion of the sale, the chief executive officer now owns 448,180 shares of the company's stock, valued at approximately $17,398,347.60. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by insiders.

Benchmark Electronics Price Performance

BHE stock traded up $0.21 during midday trading on Friday, reaching $35.02. The company had a trading volume of 276,821 shares, compared to its average volume of 328,740. The firm has a 50-day moving average price of $36.97 and a 200-day moving average price of $42.61. The company has a market capitalization of $1.26 billion, a P/E ratio of 20.24 and a beta of 0.92. Benchmark Electronics, Inc. has a 1 year low of $30.73 and a 1 year high of $52.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The firm had revenue of $631.76 million during the quarter, compared to analyst estimates of $640.00 million. Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%. The company's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, March 31st. Benchmark Electronics's payout ratio is currently 46.90%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com lowered Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Lake Street Capital decreased their target price on shares of Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Needham & Company LLC cut their price target on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 30th.

Benchmark Electronics Company 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.