Segall Bryant & Hamill LLC Makes New Investment in Benchmark Electronics, Inc. (NYSE:BHE)

Segall Bryant & Hamill LLC acquired a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,225 shares of the technology company's stock, valued at approximately $3,334,000. Segall Bryant & Hamill LLC owned 0.21% of Benchmark Electronics as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in shares of Benchmark Electronics during the second quarter valued at approximately $70,424,000. American Century Companies Inc. raised its stake in Benchmark Electronics by 176.6% during the 2nd quarter. American Century Companies Inc. now owns 615,036 shares of the technology company's stock valued at $24,269,000 after purchasing an additional 392,699 shares during the period. Millennium Management LLC lifted its holdings in shares of Benchmark Electronics by 85.9% in the second quarter. Millennium Management LLC now owns 446,176 shares of the technology company's stock worth $17,606,000 after buying an additional 206,114 shares in the last quarter. Vanguard Group Inc. grew its holdings in Benchmark Electronics by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 4,845,204 shares of the technology company's stock valued at $145,405,000 after buying an additional 159,716 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in Benchmark Electronics in the second quarter worth $2,642,000. 92.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Lake Street Capital raised their price target on Benchmark Electronics from $35.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Needham & Company LLC increased their price objective on shares of Benchmark Electronics from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.33.

Insider Buying and Selling

In related news, CEO Jeff Benck sold 24,000 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the completion of the transaction, the chief executive officer now owns 424,173 shares of the company's stock, valued at approximately $19,469,540.70. This represents a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Stephen Mccreary sold 7,073 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.70, for a total value of $302,017.10. Following the sale, the director now owns 42,027 shares of the company's stock, valued at $1,794,552.90. This represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,073 shares of company stock valued at $1,685,497. 2.10% of the stock is owned by insiders.

Benchmark Electronics Trading Up 1.1 %

Benchmark Electronics stock traded up $0.52 during midday trading on Friday, hitting $48.17. 217,599 shares of the stock were exchanged, compared to its average volume of 265,445. Benchmark Electronics, Inc. has a fifty-two week low of $24.75 and a fifty-two week high of $52.57. The company has a current ratio of 2.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 28.01 and a beta of 0.97. The stock's 50-day simple moving average is $45.32 and its 200 day simple moving average is $42.61.

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

Benchmark Electronics Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a dividend of $0.17 per share. This is a positive change from Benchmark Electronics's previous quarterly dividend of $0.17. This represents a $0.68 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, September 30th. Benchmark Electronics's payout ratio is presently 39.53%.

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.