Belden Inc. (NYSE:BDC) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its position in Belden Inc. (NYSE:BDCFree Report) by 39.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,767 shares of the industrial products company’s stock after selling 6,486 shares during the quarter. Ritholtz Wealth Management’s holdings in Belden were worth $755,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can grew its stake in Belden by 8.2% during the first quarter. Bank of Montreal Can now owns 15,131 shares of the industrial products company’s stock worth $867,000 after buying an additional 1,142 shares during the period. MetLife Investment Management LLC raised 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 valued at $2,881,000 after buying an additional 14,895 shares during the period. Panagora Asset Management Inc. acquired a new position in Belden during the 1st quarter worth approximately $961,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Belden by 10.5% during the first 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 purchasing an additional 1,569 shares during the period. Finally, APG Asset Management N.V. acquired a new position in shares of Belden during the first quarter worth $762,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Belden Stock Performance

Shares of BDC stock opened at $92.61 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.72 and a current ratio of 2.30. The company’s 50-day simple moving average is $83.69 and its 200-day simple moving average is $79.49. Belden Inc. has a one year low of $60.54 and a one year high of $99.13. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 16.36 and a beta of 1.03.

Belden (NYSE:BDCGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.34. The business had revenue of $551.24 million for the quarter, compared to analyst estimates of $522.06 million. Belden had a return on equity of 25.11% and a net margin of 9.66%. The business’s revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. Equities analysts anticipate that Belden Inc. will post 5.33 earnings per share for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Thursday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Wednesday, March 13th. Belden’s dividend payout ratio is presently 3.53%.

Insider Buying and Selling

In other news, EVP Brian Lieser sold 2,056 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.30, for a total transaction of $169,208.80. Following the completion of the transaction, the executive vice president now directly owns 21,772 shares of the company’s stock, valued at $1,791,835.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BDC shares. Truist Financial upped their price objective on shares of Belden from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 9th. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Belden currently has an average rating of “Moderate Buy” and a consensus target price of $102.25.

Check Out Our Latest Analysis on BDC

Belden Company Profile

(Free Report)

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.

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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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