Strs Ohio Takes $677,000 Position in Benchmark Electronics, Inc. $BHE

Key Points

• Strs Ohio has made a new investment in Benchmark Electronics, Inc. by acquiring 17,800 shares valued at approximately $677,000.
• Benchmark Electronics reported a quarterly earnings per share of $0.55, exceeding analysts' expectations and generating revenue of $642.34 million, which is down 3.6% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.17 per share, set to be paid on October 13th, with an annualized dividend yield of 1.7%.

Strs Ohio purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,800 shares of the technology company's stock, valued at approximately $677,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC bought a new position in shares of Benchmark Electronics in the first quarter valued at approximately $56,000. Versant Capital Management Inc grew its stake in Benchmark Electronics by 197.5% in the 1st quarter. Versant Capital Management Inc now owns 2,475 shares of the technology company's stock valued at $94,000 after buying an additional 1,643 shares during the last quarter. State of Wyoming boosted its holdings in Benchmark Electronics by 213.4% during the fourth quarter. State of Wyoming now owns 3,563 shares of the technology company's stock valued at $162,000 after acquiring an additional 2,426 shares during the period. Caxton Associates LLP bought a new stake in Benchmark Electronics during the first quarter valued at about $202,000. Finally, Linscomb Wealth Inc. acquired a new position in shares of Benchmark Electronics during the 1st quarter worth about $214,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Price Performance

NYSE:BHE traded up $0.26 during mid-day trading on Tuesday, hitting $40.52. The company's stock had a trading volume of 10,875 shares, compared to its average volume of 320,397. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $52.57. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 38.61 and a beta of 1.05. The stock has a fifty day moving average of $39.60 and a 200-day moving average of $38.18. The company has a current ratio of 2.36, a quick ratio of 1.46 and a debt-to-equity ratio of 0.18.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $642.34 million during the quarter, compared to analysts' expectations of $638.67 million. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%.The business's revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Benchmark Electronics's dividend payout ratio is currently 64.76%.

Insiders Place Their Bets

In related news, SVP Jan M. Janick sold 10,004 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $40.50, for a total value of $405,162.00. Following the completion of the transaction, the senior vice president owned 62,368 shares in the company, valued at $2,525,904. The trade was a 13.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BHE. Needham & Company LLC lowered their price objective on shares of Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Wall Street Zen lowered Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $46.50.

About Benchmark Electronics

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.