Benchmark Electronics, Inc. (BHE) To Go Ex-Dividend on September 30th

Benchmark Electronics, Inc. (NYSE:BHE) declared a quarterly dividend on Monday, September 9th, RTT News reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.17 per share by the technology company on Friday, October 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Benchmark Electronics’s previous quarterly dividend of $0.17.

Benchmark Electronics has increased its dividend by an average of 1.0% per year over the last three years. Benchmark Electronics has a dividend payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings.

Benchmark Electronics Price Performance

BHE stock opened at $40.00 on Wednesday. The business has a 50 day moving average price of $41.34 and a 200 day moving average price of $37.23. The company has a quick ratio of 1.42, a current ratio of 2.35 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 21.86 and a beta of 0.98. Benchmark Electronics has a fifty-two week low of $22.66 and a fifty-two week high of $48.58.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Benchmark Electronics had a net margin of 2.45% and a return on equity of 7.17%. The business had revenue of $666.00 million during the quarter, compared to the consensus estimate of $635.75 million. During the same quarter in the previous year, the firm earned $0.48 EPS. The company’s revenue was down 9.2% compared to the same quarter last year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Lake Street Capital upped their price objective on shares of Benchmark Electronics from $35.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Fox Advisors downgraded Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 15th. StockNews.com lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC increased their price objective on Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.33.

Insider Buying and Selling

In other news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.70, for a total transaction of $302,017.10. Following the completion of the sale, the director now owns 42,027 shares in the company, valued at $1,794,552.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

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.