Connor Clark & Lunn Investment Management Ltd. Takes Position in Benchmark Electronics, Inc. $BHE

Key Points

• Connor Clark & Lunn Investment Management purchased 41,416 Benchmark Electronics shares worth approximately $4.1 million, while institutional investors collectively own 92.29% of the company.
• Analysts maintain a favorable outlook: three firms rate BHE a “Buy,” with an average price target of $91, implying upside from its reported $73.41 trading price.
• Benchmark reported strong quarterly results, with EPS of $0.75 beating estimates and revenue rising 17.7% year over year to $755.98 million; the company also declared a $0.17 quarterly dividend.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,416 shares of the technology company's stock, valued at approximately $4,087,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.12% of Benchmark Electronics as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Evolve Private Wealth LLC acquired a new stake in Benchmark Electronics in the 2nd quarter worth about $1,088,000. Heartland Advisors Inc. acquired a new position in shares of Benchmark Electronics during the 2nd quarter worth approximately $6,414,000. First National Bank of Omaha bought a new position in shares of Benchmark Electronics during the second quarter worth approximately $1,139,000. BlackRock Inc. bought a new position in shares of Benchmark Electronics during the second quarter worth approximately $579,768,000. Finally, Deutsche Bank AG acquired a new stake in shares of Benchmark Electronics in the second quarter valued at approximately $9,589,000. 92.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BHE. Weiss Ratings upgraded Benchmark Electronics from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, July 31st. Lake Street Capital restated a "buy" rating and set a $92.00 price objective on shares of Benchmark Electronics in a research note on Thursday, April 30th. Finally, Needham & Company LLC raised their price objective on Benchmark Electronics from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Benchmark Electronics presently has an average rating of "Buy" and an average target price of $91.00.

Insider Transactions at Benchmark Electronics

In related news, SVP Stephen J. Beaver sold 20,000 shares of Benchmark Electronics stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $86.25, for a total value 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. This trade represents a 21.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Benchmark Electronics Trading Up 1.5%

BHE opened at $73.41 on Friday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 49.94 and a beta of 1.27. The company has a quick ratio of 1.31, a current ratio of 1.99 and a debt-to-equity ratio of 0.16. Benchmark Electronics, Inc. has a twelve month low of $35.91 and a twelve month high of $100.41. The company has a 50-day simple moving average of $82.67 and a 200 day simple moving average of $73.88.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. The firm had revenue of $755.98 million for the quarter, compared to analyst estimates of $720.00 million. During the same period last year, the firm earned $0.03 EPS. The business's quarterly revenue was up 17.7% compared to the same quarter last year. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. Benchmark Electronics's dividend payout ratio (DPR) is currently 46.26%.

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.

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