ExodusPoint Capital Management LP Takes Position in Benchmark Electronics, Inc. (NYSE:BHE)

ExodusPoint Capital Management LP purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,706 shares of the technology company's stock, valued at approximately $1,893,000. ExodusPoint Capital Management LP owned about 0.12% of Benchmark Electronics at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BHE. Captrust Financial Advisors lifted its stake in Benchmark Electronics by 3.8% during the third quarter. Captrust Financial Advisors now owns 6,535 shares of the technology company's stock worth $290,000 after purchasing an additional 242 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Benchmark Electronics by 12.9% during the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock worth $116,000 after buying an additional 292 shares during the last quarter. Heritage Family Offices LLP boosted its holdings in shares of Benchmark Electronics by 5.7% in the 4th quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company's stock valued at $280,000 after buying an additional 334 shares in the last quarter. Highland Capital Management LLC grew its position in shares of Benchmark Electronics by 6.4% in the 4th quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company's stock valued at $255,000 after buying an additional 337 shares during the last quarter. Finally, KBC Group NV raised its stake in Benchmark Electronics by 40.2% during the 4th quarter. KBC Group NV now owns 2,151 shares of the technology company's stock worth $98,000 after acquiring an additional 617 shares in the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

Benchmark Electronics Stock Performance

Shares of BHE traded up $0.70 during mid-day trading on Monday, hitting $35.93. 18,576 shares of the company's stock were exchanged, compared to its average volume of 330,042. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. Benchmark Electronics, Inc. has a fifty-two week low of $29.08 and a fifty-two week high of $52.57. The business's 50 day moving average is $39.11 and its two-hundred day moving average is $43.72. The firm has a market capitalization of $1.29 billion, a P/E ratio of 20.77 and a beta of 0.83.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%.

Benchmark Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a dividend of $0.17 per share. The ex-dividend date was Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 1.89%. Benchmark Electronics's dividend payout ratio is currently 39.31%.

Analysts Set New Price Targets

Several equities analysts have issued reports on BHE shares. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Needham & Company LLC raised their price target on Benchmark Electronics from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Benchmark Electronics presently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

Insider Activity at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total transaction of $232,920.00. Following the transaction, the chief executive officer now owns 448,180 shares of the company's stock, valued at $17,398,347.60. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is owned by insiders.

Benchmark Electronics Company 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.