Mutual of America Capital Management LLC Sells 1,544 Shares of Belden Inc. (NYSE:BDC)

Mutual of America Capital Management LLC lowered its position in Belden Inc. (NYSE:BDC) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,291 shares of the industrial products company’s stock after selling 1,544 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Belden worth $2,185,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Belden by 198.4% in the first quarter. Tidal Investments LLC now owns 12,286 shares of the industrial products company’s stock worth $1,138,000 after acquiring an additional 8,169 shares during the period. Gendell Jeffrey L boosted its stake in Belden by 59.0% in the 4th quarter. Gendell Jeffrey L now owns 53,882 shares of the industrial products company’s stock worth $4,162,000 after purchasing an additional 20,000 shares during the period. First Eagle Investment Management LLC grew its holdings in Belden by 8.0% during the 1st quarter. First Eagle Investment Management LLC now owns 99,291 shares of the industrial products company’s stock valued at $9,195,000 after buying an additional 7,340 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Belden by 17.9% during the fourth quarter. Wellington Management Group LLP now owns 985,282 shares of the industrial products company’s stock valued at $76,113,000 after buying an additional 149,263 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Belden by 1,724.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 104,214 shares of the industrial products company’s stock worth $9,651,000 after buying an additional 98,503 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Belden Price Performance

NYSE:BDC opened at $114.66 on Thursday. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 22.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.70 and a quick ratio of 1.25. The business has a 50 day simple moving average of $101.03 and a 200-day simple moving average of $94.64. Belden Inc. has a 1 year low of $60.54 and a 1 year high of $117.25.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. Belden had a net margin of 8.51% and a return on equity of 21.13%. The company had revenue of $604.34 million during the quarter, compared to analyst estimates of $574.32 million. During the same period in the previous year, the firm earned $1.91 earnings per share. Belden’s quarterly revenue was down 12.7% compared to the same quarter last year. Equities analysts forecast that Belden Inc. will post 6.04 EPS for the current year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Thursday, September 12th. Belden’s payout ratio is currently 3.91%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BDC. Truist Financial raised their target price on shares of Belden from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Vertical Research began coverage on Belden in a report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 target price on the stock. Benchmark raised their price target on Belden from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, StockNews.com raised Belden from a “hold” rating to a “buy” rating in a report on Monday, June 17th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $112.50.

Insider Buying and Selling at Belden

In other news, EVP Brian Lieser sold 819 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $91.26, for a total value of $74,741.94. Following the sale, the executive vice president now directly owns 21,031 shares in the company, valued at $1,919,289.06. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Belden news, SVP Brian Edward Anderson sold 1,262 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $96.79, for a total value of $122,148.98. Following the completion of the sale, the senior vice president now directly owns 39,385 shares of the company’s stock, valued at approximately $3,812,074.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brian Lieser sold 819 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $91.26, for a total transaction of $74,741.94. Following the completion of the transaction, the executive vice president now owns 21,031 shares in the company, valued at $1,919,289.06. The disclosure for this sale can be found here. Insiders sold 11,137 shares of company stock worth $1,095,457 over the last 90 days. Company insiders own 1.59% of the company’s stock.

Belden Profile

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.