On November 5, 2024, Jeff Benck, President and CEO of Benchmark Electronics Inc (BHE, Financial), executed a sale of 24,000 shares of the company at a price of $45.9 per share. This transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 424,173 shares of Benchmark Electronics Inc.
Benchmark Electronics Inc, a global provider of engineering, design, and manufacturing services, operates in various sectors including aerospace and defense, medical technologies, complex industrials, and telecommunications. The company is known for its integrated electronics manufacturing, precision machining, and testing capabilities.
Over the past year, the insider transaction history at Benchmark Electronics Inc shows a trend of more sales than purchases among insiders, with a total of 7 insider sales and no insider buys. This recent transaction by Jeff Benck marks a continuation of the selling trend.
Shares of Benchmark Electronics Inc were trading at $45.9 on the day of the transaction, giving the company a market cap of approximately $1.89 billion. The price-earnings ratio of the stock stands at 30.52, which is above both the industry median of 23.77 and the historical median for the company.
The stock's valuation according to the GF Value is $27.29, indicating that with a current price of $45.9, Benchmark Electronics Inc is significantly overvalued with a price-to-GF-Value ratio of 1.68.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by Jeff Benck provides an insight into the insider's actions and holdings, contributing to the broader understanding of the company's stock valuation and insider trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
