Benchmark Electronics (NYSE:BHE) Hits New 52-Week High at $37.41

Benchmark Electronics, Inc. (NYSE:BHE)’s share price hit a new 52-week high on Thursday . The company traded as high as $37.41 and last traded at $36.08, with a volume of 82551 shares trading hands. The stock had previously closed at $30.29.

Wall Street Analyst Weigh In

BHE has been the subject of a number of research analyst reports. Sidoti cut Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Monday, April 29th. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Needham & Company LLC lifted their target price on shares of Benchmark Electronics from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st.

Benchmark Electronics Price Performance

The firm has a market capitalization of $1.31 billion, a PE ratio of 19.91 and a beta of 1.00. The stock’s 50 day simple moving average is $30.28 and its two-hundred day simple moving average is $27.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.33 and a current ratio of 2.29.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $691.35 million for the quarter. Benchmark Electronics had a return on equity of 7.23% and a net margin of 2.34%.

Benchmark Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.66 annualized dividend and a dividend yield of 1.81%. Benchmark Electronics’s payout ratio is 36.07%.

Institutional Investors Weigh In On Benchmark Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of BHE. Boston Partners grew its stake in shares of Benchmark Electronics by 42.6% in the 3rd quarter. Boston Partners now owns 149,208 shares of the technology company’s stock valued at $3,620,000 after buying an additional 44,579 shares during the period. First Eagle Investment Management LLC raised its position in Benchmark Electronics by 119.4% in the third quarter. First Eagle Investment Management LLC now owns 249,809 shares of the technology company’s stock valued at $6,060,000 after purchasing an additional 135,932 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Benchmark Electronics by 4.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,810 shares of the technology company’s stock valued at $384,000 after purchasing an additional 739 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Benchmark Electronics by 1.3% during the 3rd quarter. Deutsche Bank AG now owns 142,132 shares of the technology company’s stock worth $3,448,000 after purchasing an additional 1,779 shares during the period. Finally, Trust Point Inc. acquired a new stake in shares of Benchmark Electronics during the 4th quarter worth about $445,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

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.