Legal & General Group Plc Makes New $8.18 Million Investment in Benchmark Electronics, Inc. $BHE

Legal & General Group Plc purchased a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 82,850 shares of the technology company’s stock, valued at approximately $8,175,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BHE. BlackRock Inc. bought a new position in shares of Benchmark Electronics in the second quarter worth about $579,768,000. Franklin Resources Inc. grew its holdings in Benchmark Electronics by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock valued at $124,293,000 after buying an additional 218,450 shares during the last quarter. Earnest Partners LLC acquired a new stake in Benchmark Electronics in the 4th quarter valued at approximately $74,940,000. State Street Corp increased its position in Benchmark Electronics by 0.7% in the 4th quarter. State Street Corp now owns 1,389,766 shares of the technology company’s stock worth $59,661,000 after buying an additional 9,724 shares during the period. Finally, Wasatch Advisors LP increased its position in Benchmark Electronics by 0.6% in the 2nd quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock worth $47,754,000 after buying an additional 6,868 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.

Benchmark Electronics Stock Performance

Shares of NYSE:BHE opened at $70.46 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.99 and a quick ratio of 1.31. The business’s fifty day moving average price is $81.38 and its two-hundred day moving average price is $74.13. Benchmark Electronics, Inc. has a fifty-two week low of $35.91 and a fifty-two week high of $100.41. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 47.93 and a beta of 1.26.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $755.98 million for the quarter, compared to the consensus estimate of $720.00 million. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a $0.17 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.68 annualized dividend and a yield of 1.0%. Benchmark Electronics’s payout ratio is presently 46.26%.

Insider Transactions at Benchmark Electronics

In related news, SVP Stephen J. Beaver sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the transaction, the senior vice president owned 75,020 shares in the company, valued at $6,470,475. This represents a 21.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Needham & Company LLC increased their price objective on Benchmark Electronics from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Benchmark Electronics presently has an average rating of “Buy” and an average price target of $91.00.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early‐stage design and prototyping to high‐volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.

At the core of Benchmark’s offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.