Vest Financial LLC Increases Position in Benchmark Electronics, Inc. $BHE

Key Points

• Vest Financial LLC increased its holdings in Benchmark Electronics by 75.6% during the second quarter, now owning 103,823 shares valued at $4.03 million.
• Benchmark Electronics announced a quarterly dividend of $0.17, representing an annualized yield of 1.8% as of September 30th.
• Analysts have set a consensus price target of $46.50 for Benchmark Electronics, with two analysts rating the stock as a Buy and one as a Hold.

Vest Financial LLC lifted its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 75.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,823 shares of the technology company's stock after acquiring an additional 44,699 shares during the quarter. Vest Financial LLC owned 0.29% of Benchmark Electronics worth $4,031,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Inspire Investing LLC increased its holdings in Benchmark Electronics by 10.8% in the second quarter. Inspire Investing LLC now owns 9,992 shares of the technology company's stock valued at $388,000 after buying an additional 971 shares during the last quarter. Uncommon Cents Investing LLC increased its holdings in Benchmark Electronics by 2.7% in the second quarter. Uncommon Cents Investing LLC now owns 16,380 shares of the technology company's stock valued at $636,000 after buying an additional 437 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Benchmark Electronics by 7.8% in the second quarter. State of Alaska Department of Revenue now owns 21,506 shares of the technology company's stock valued at $834,000 after buying an additional 1,560 shares during the last quarter. GAMMA Investing LLC increased its holdings in Benchmark Electronics by 58.3% in the second quarter. GAMMA Investing LLC now owns 3,609 shares of the technology company's stock valued at $140,000 after buying an additional 1,329 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in Benchmark Electronics by 19.0% in the second quarter. Wedge Capital Management L L P NC now owns 56,733 shares of the technology company's stock valued at $2,203,000 after buying an additional 9,040 shares during the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHE has been the subject of a number of research reports. Needham & Company LLC decreased their target price on Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Weiss Ratings restated a "hold (c)" rating on shares of Benchmark Electronics in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded 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 and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.50.

Insiders Place Their Bets

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

Benchmark Electronics Stock Performance

Shares of NYSE BHE opened at $37.10 on Tuesday. The company has a market cap of $1.33 billion, a PE ratio of 35.33 and a beta of 1.06. 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, Inc. has a 12-month low of $30.73 and a 12-month high of $52.57. The stock has a 50 day simple moving average of $39.27 and a 200-day simple moving average of $38.02.

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

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Tuesday, September 30th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, September 30th. Benchmark Electronics's dividend payout ratio is 64.76%.

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.

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