Norges Bank bought a new position in Benchmark Electronics, Inc. (NYSE:BHE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 975,568 shares of the technology company’s stock, valued at approximately $20,663,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Investors Research Corp grew its stake in Benchmark Electronics by 2.5% in the 4th quarter. Investors Research Corp now owns 16,400 shares of the technology company’s stock valued at $347,000 after buying an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Benchmark Electronics by 1.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 45,742 shares of the technology company’s stock worth $969,000 after purchasing an additional 576 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Benchmark Electronics by 30.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,585 shares of the technology company’s stock worth $76,000 after purchasing an additional 847 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Benchmark Electronics by 1.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 61,739 shares of the technology company’s stock worth $1,207,000 after purchasing an additional 936 shares during the last quarter. Finally, Advisor Group Inc. grew its position in Benchmark Electronics by 41.5% in the 4th quarter. Advisor Group Inc. now owns 4,620 shares of the technology company’s stock worth $98,000 after purchasing an additional 1,355 shares during the last quarter. Institutional investors own 99.95% of the company’s stock.
Several analysts have issued reports on BHE shares. Sidoti started coverage on shares of Benchmark Electronics in a research report on Friday, January 18th. They issued a “buy” rating and a $34.00 price target on the stock. TheStreet upgraded shares of Benchmark Electronics from a “c” rating to a “b” rating in a research report on Friday, February 8th.
Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Thursday, February 7th. The technology company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $657.00 million during the quarter, compared to the consensus estimate of $632.27 million. Benchmark Electronics had a net margin of 0.89% and a return on equity of 5.60%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Friday, March 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 28th. Benchmark Electronics’s payout ratio is 41.38%.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/norges-bank-buys-shares-of-975568-benchmark-electronics-inc-bhe.html.
Benchmark Electronics Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced 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.
Featured Article: Cost of equity and a company’s balance sheet
Want to see what other hedge funds are holding BHE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Benchmark Electronics, Inc. (NYSE:BHE).
Receive News & Ratings for Benchmark Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benchmark Electronics and related companies with MarketBeat.com's FREE daily email newsletter.