Tudor Investment Corp Et Al Makes New $295,000 Investment in Belden Inc. (NYSE:BDC)

Tudor Investment Corp Et Al bought a new stake in shares of Belden Inc. (NYSE:BDC – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,923 shares of the industrial products company’s stock, valued at approximately $295,000.

Other large investors have also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Belden by 8.2% during the 1st quarter. Bank of Montreal Can now owns 15,131 shares of the industrial products company’s stock worth $867,000 after acquiring an additional 1,142 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Belden by 40.1% during the 1st quarter. MetLife Investment Management LLC now owns 52,012 shares of the industrial products company’s stock worth $2,881,000 after buying an additional 14,895 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Belden in the 1st quarter valued at approximately $961,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Belden by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,455 shares of the industrial products company’s stock valued at $912,000 after buying an additional 1,569 shares during the period. Finally, APG Asset Management N.V. purchased a new position in Belden in the 1st quarter valued at approximately $762,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BDC. The Goldman Sachs Group boosted their price target on shares of Belden from $76.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. Truist Financial boosted their price objective on shares of Belden from $93.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Jefferies Financial Group initiated coverage on shares of Belden in a report on Tuesday, November 22nd. They issued a “hold” rating and a $86.00 price target on the stock. Benchmark upped their price objective on shares of Belden from $88.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, February 14th. Finally, Loop Capital upped their price objective on shares of Belden from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.00.

Belden Price Performance

NYSE BDC opened at $86.17 on Thursday. Belden Inc. has a 12-month low of $47.89 and a 12-month high of $92.33. The stock has a market capitalization of $3.70 billion, a PE ratio of 14.99 and a beta of 1.32. The company has a quick ratio of 1.87, a current ratio of 2.40 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average price of $82.13 and a two-hundred day moving average price of $74.26.

Belden (NYSE:BDC – Get Rating) last announced its earnings results on Wednesday, February 8th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.09. Belden had a net margin of 9.77% and a return on equity of 26.70%. The business had revenue of $659.07 million for the quarter, compared to analyst estimates of $644.17 million. During the same quarter in the previous year, the firm posted $1.32 earnings per share. Belden’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that Belden Inc. will post 6.84 earnings per share for the current fiscal year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Tuesday, March 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.23%. Belden’s dividend payout ratio is currently 3.48%.

Insider Activity

In other Belden news, EVP Anshuman Mehrotra sold 4,360 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $86.99, for a total transaction of $379,276.40. Following the completion of the transaction, the executive vice president now owns 12,682 shares of the company’s stock, valued at approximately $1,103,207.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by company insiders.

About Belden

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Belden, Inc engages in the provision of innovative signal transmission solutions. It operates through the Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers network infrastructure solutions, as well as cabling and connectivity solutions for broadcast, commercial audio/video, and security applications.