Wellington Management Group LLP Grows Position in Benchmark Electronics, Inc. (NYSE:BHE)

Wellington Management Group LLP increased its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 256.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,254 shares of the technology company’s stock after buying an additional 80,800 shares during the period. Wellington Management Group LLP owned about 0.31% of Benchmark Electronics worth $2,723,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BHE. First Trust Advisors LP increased its stake in shares of Benchmark Electronics by 2,411.0% during the first quarter. First Trust Advisors LP now owns 486,399 shares of the technology company’s stock worth $11,523,000 after buying an additional 467,028 shares during the period. Millennium Management LLC increased its stake in Benchmark Electronics by 113.9% in the fourth quarter. Millennium Management LLC now owns 834,063 shares of the technology company’s stock valued at $22,261,000 after purchasing an additional 444,075 shares during the last quarter. Norges Bank purchased a new position in Benchmark Electronics in the fourth quarter valued at approximately $7,897,000. BlackRock Inc. increased its stake in Benchmark Electronics by 3.7% in the first quarter. BlackRock Inc. now owns 6,052,712 shares of the technology company’s stock valued at $151,562,000 after purchasing an additional 216,934 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Benchmark Electronics by 5.6% in the first quarter. Vanguard Group Inc. now owns 4,066,880 shares of the technology company’s stock valued at $101,834,000 after purchasing an additional 215,272 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Needham & Company LLC increased their price target on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. StockNews.com lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Benchmark Electronics Price Performance

Shares of NYSE BHE opened at $30.20 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.33. The stock has a fifty day moving average price of $29.31 and a 200 day moving average price of $26.69. Benchmark Electronics, Inc. has a 1-year low of $20.58 and a 1-year high of $31.75. The company has a market cap of $1.08 billion, a PE ratio of 16.78 and a beta of 1.02.

Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, January 31st. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Benchmark Electronics had a return on equity of 6.95% and a net margin of 2.27%. The company had revenue of $691.35 million during the quarter.

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Wednesday, March 27th. Benchmark Electronics’s dividend payout ratio (DPR) is currently 36.67%.

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.