Legal & General Group Plc Buys New Position in Benchmark Electronics, Inc. $BHE

Key Points

• Legal & General Group Plc acquired 82,850 shares of Benchmark Electronics in the second quarter, worth approximately $8.2 million and representing about 0.23% of the company. Institutional investors and hedge funds collectively own 92.29% of BHE.
• Benchmark Electronics reported quarterly EPS of $0.75, exceeding analyst expectations of $0.69, while revenue rose 17.7% year over year to $755.98 million. The company issued third-quarter 2026 EPS guidance of $0.76 to $0.82.
• Analyst sentiment remains positive, with Needham raising its price target to $90 and the stock carrying a consensus “Buy” rating with a $91 price target. Separately, Senior Vice President Stephen J. Beaver sold 20,000 shares, reducing his position by 21.05%.

Legal & General Group Plc purchased a new position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 82,850 shares of the technology company's stock, valued at approximately $8,175,000. Legal & General Group Plc owned approximately 0.23% of Benchmark Electronics at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its holdings in shares of Benchmark Electronics by 69.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company's stock valued at $26,000 after buying an additional 250 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Benchmark Electronics during the 4th quarter worth $42,000. Clearstead Advisors LLC boosted its stake in shares of Benchmark Electronics by 246.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company's stock worth $58,000 after acquiring an additional 970 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Benchmark Electronics by 28.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company's stock worth $62,000 after acquiring an additional 322 shares during the last quarter. Finally, Group One Trading LLC acquired a new stake in shares of Benchmark Electronics during the second quarter worth $73,000. 92.29% of the stock is owned by institutional investors and hedge funds.

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 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 completion of the sale, the senior vice president owned 75,020 shares of the company's stock, valued at approximately $6,470,475. The trade was a 21.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Benchmark Electronics Stock Performance

Shares of BHE opened at $70.46 on Wednesday. The company has a market capitalization of $2.53 billion, a PE ratio of 47.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.99. The company's 50 day moving average price is $81.38 and its 200 day moving average price is $74.13. Benchmark Electronics, Inc. has a 52 week low of $35.91 and a 52 week high of $100.41.

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

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Benchmark Electronics's dividend payout ratio (DPR) is currently 46.26%.

Wall Street Analysts Forecast Growth

BHE has been the subject of several analyst reports. Needham & Company LLC upped their target price on Benchmark Electronics from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings upgraded Benchmark Electronics from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $91.00.

About Benchmark Electronics

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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