State Board of Administration of Florida Retirement System Takes Position in Benson Hill, Inc. (NYSE:BHIL)

State Board of Administration of Florida Retirement System purchased a new stake in shares of Benson Hill, Inc. (NYSE:BHIL – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,970 shares of the company’s stock, valued at approximately $53,000.

A number of other large investors also recently bought and sold shares of BHIL. Citigroup Inc. purchased a new position in Benson Hill during the 1st quarter valued at about $52,000. BlackRock Inc. raised its holdings in Benson Hill by 14.9% in the first quarter. BlackRock Inc. now owns 2,685,909 shares of the company’s stock worth $8,675,000 after buying an additional 347,939 shares during the last quarter. Sei Investments Co. purchased a new position in Benson Hill in the first quarter worth about $111,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in Benson Hill by 15.9% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,103,979 shares of the company’s stock worth $16,486,000 after buying an additional 700,000 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Benson Hill by 40.0% in the first quarter. Lazard Asset Management LLC now owns 350,000 shares of the company’s stock worth $1,130,000 after buying an additional 100,000 shares during the last quarter. 34.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BHIL has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Benson Hill from $3.75 to $3.25 and set a “neutral” rating for the company in a report on Thursday, March 30th. Oppenheimer cut their target price on shares of Benson Hill from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, March 14th. Lake Street Capital dropped their price target on shares of Benson Hill from $7.00 to $4.50 in a research report on Tuesday, March 14th. Finally, Barclays lowered their target price on shares of Benson Hill from $5.00 to $3.00 and set an “overweight” rating on the stock in a report on Tuesday, March 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Benson Hill currently has an average rating of “Moderate Buy” and a consensus target price of $4.15.

Benson Hill Trading Up 4.8 %

NYSE BHIL opened at $1.76 on Wednesday. The company has a current ratio of 4.17, a quick ratio of 3.25 and a debt-to-equity ratio of 0.92. Benson Hill, Inc. has a 12 month low of $0.90 and a 12 month high of $4.10. The company’s 50-day moving average price is $1.23 and its 200-day moving average price is $2.08. The stock has a market cap of $364.09 million, a PE ratio of -2.84 and a beta of 1.33.

Benson Hill (NYSE:BHIL – Get Rating) last issued its earnings results on Monday, March 13th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.17). Benson Hill had a negative net margin of 24.09% and a negative return on equity of 43.57%. The company had revenue of $99.18 million for the quarter, compared to analysts’ expectations of $99.50 million. During the same period in the prior year, the business earned ($0.32) EPS. Equities research analysts forecast that Benson Hill, Inc. will post -0.55 earnings per share for the current year.

Benson Hill Company Profile

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Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.