21,321 Shares in Benchmark Electronics, Inc. (NYSE:BHE) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,321 shares of the technology company's stock, valued at approximately $945,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.06% of Benchmark Electronics as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Benchmark Electronics by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 4,845,204 shares of the technology company's stock worth $145,405,000 after acquiring an additional 159,716 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Benchmark Electronics by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,012,717 shares of the technology company's stock valued at $118,881,000 after purchasing an additional 12,112 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Benchmark Electronics during the 2nd quarter worth about $70,424,000. Tributary Capital Management LLC lifted its stake in shares of Benchmark Electronics by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 646,142 shares of the technology company's stock worth $25,497,000 after buying an additional 1,875 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Benchmark Electronics by 176.6% during the 2nd quarter. American Century Companies Inc. now owns 615,036 shares of the technology company's stock worth $24,269,000 after buying an additional 392,699 shares during the period. Institutional investors and hedge funds own 92.29% of the company's stock.

Benchmark Electronics Price Performance

BHE stock traded up $0.52 during midday trading on Friday, reaching $48.17. The company had a trading volume of 217,599 shares, compared to its average volume of 265,445. Benchmark Electronics, Inc. has a 1-year low of $24.75 and a 1-year high of $52.57. The stock has a 50 day moving average price of $45.32 and a 200-day moving average price of $42.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 28.01 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its earnings results on Wednesday, October 30th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $658.00 million during the quarter, compared to analysts' expectations of $650.00 million. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS.

Benchmark Electronics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. This is a boost from Benchmark Electronics's previous quarterly dividend of $0.17. Benchmark Electronics's payout ratio is 39.53%.

Insider Buying and Selling

In related news, SVP Rhonda R. Turner sold 6,000 shares of Benchmark Electronics stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total transaction of $281,880.00. Following the sale, the senior vice president now directly owns 47,991 shares in the company, valued at $2,254,617.18. This trade represents a 11.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Stephen Mccreary sold 7,073 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.70, for a total transaction of $302,017.10. Following the completion of the transaction, the director now owns 42,027 shares of the company's stock, valued at approximately $1,794,552.90. This trade represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,073 shares of company stock worth $1,685,497 in the last ninety days. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Lake Street Capital raised their price objective on shares of Benchmark Electronics from $35.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. StockNews.com cut Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Monday, November 18th. Finally, Needham & Company LLC upped their price objective on Benchmark Electronics from $45.00 to $48.00 and gave the company a "buy" rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Benchmark Electronics currently has an average rating of "Hold" and an average target price of $42.33.

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.