Legal & General Group Plc Buys 2,688 Shares of Benchmark Electronics, Inc. (BHE)

Legal & General Group Plc lifted its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,302 shares of the technology company’s stock after buying an additional 2,688 shares during the period. Legal & General Group Plc owned about 0.28% of Benchmark Electronics worth $3,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Founders Capital Management acquired a new position in shares of Benchmark Electronics in the 2nd quarter worth approximately $117,000. Dubuque Bank & Trust Co. acquired a new position in shares of Benchmark Electronics in the 2nd quarter worth approximately $151,000. Hartford Investment Management Co. acquired a new position in shares of Benchmark Electronics in the 2nd quarter worth approximately $227,000. Koch Industries Inc. acquired a new position in shares of Benchmark Electronics in the 1st quarter worth approximately $245,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Benchmark Electronics in the 1st quarter worth approximately $263,000. 94.54% of the stock is owned by institutional investors and hedge funds.

Shares of BHE opened at $24.90 on Wednesday. Benchmark Electronics, Inc. has a 1 year low of $23.98 and a 1 year high of $35.80. The company has a quick ratio of 2.44, a current ratio of 3.08 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.19 billion, a PE ratio of 16.04 and a beta of 0.25.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Tuesday, July 24th. The technology company reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. Benchmark Electronics had a positive return on equity of 5.99% and a negative net margin of 2.80%. The business had revenue of $660.59 million during the quarter, compared to analysts’ expectations of $605.00 million. During the same period in the prior year, the firm posted $0.38 EPS. Benchmark Electronics’s quarterly revenue was up 6.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 28th will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.41%. Benchmark Electronics’s payout ratio is presently 37.27%.

About Benchmark Electronics

Benchmark Electronics, Inc, together with its subsidiaries, provides engineering services, integrated technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.

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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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