Principal Financial Group Inc. Sells 24,146 Shares of Benchmark Electronics, Inc. $BHE

Principal Financial Group Inc. decreased its position in Benchmark Electronics, Inc. (NYSE:BHE) by 12.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,365 shares of the technology company’s stock after selling 24,146 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Benchmark Electronics worth $6,683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased its position in shares of Benchmark Electronics by 21.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,323 shares of the technology company’s stock valued at $90,000 after purchasing an additional 407 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Benchmark Electronics by 215.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the technology company’s stock valued at $116,000 after buying an additional 2,048 shares during the last quarter. State of Wyoming purchased a new stake in Benchmark Electronics during the second quarter valued at approximately $137,000. Caxton Associates LLP bought a new position in Benchmark Electronics in the first quarter worth approximately $202,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Benchmark Electronics during the 2nd quarter worth $203,000. 92.29% of the stock is owned by hedge funds and other institutional investors.

Benchmark Electronics Trading Up 1.5%

Shares of Benchmark Electronics stock opened at $59.27 on Friday. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $60.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.52 and a current ratio of 2.28. The company has a market capitalization of $2.11 billion, a P/E ratio of 85.90 and a beta of 1.03. The company has a fifty day moving average of $48.97 and a 200 day moving average of $43.85.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. The business had revenue of $704.00 million for the quarter, compared to the consensus estimate of $696.67 million. Benchmark Electronics had a return on equity of 6.48% and a net margin of 0.93%.The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Benchmark Electronics has set its Q1 2026 guidance at 0.530-0.590 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Wednesday, December 31st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, December 31st. Benchmark Electronics’s dividend payout ratio is presently 98.55%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BHE. Wall Street Zen upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a report on Wednesday, January 21st. Lake Street Capital set a $62.00 price target on Benchmark Electronics in a research report on Wednesday, February 4th. Finally, Needham & Company LLC lifted their price objective on Benchmark Electronics from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Insider Activity at Benchmark Electronics

In related news, CEO Jeff Benck sold 25,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $58.19, for a total transaction of $1,454,750.00. Following the completion of the transaction, the chief executive officer directly owned 398,180 shares of the company’s stock, valued at approximately $23,170,094.20. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Rhonda R. Turner sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $47.83, for a total transaction of $478,300.00. Following the completion of the sale, the senior vice president owned 34,701 shares in the company, valued at approximately $1,659,748.83. The trade was a 22.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 88,967 shares of company stock valued at $4,484,208. Corporate insiders own 2.20% of the company’s stock.

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.