Fox Run Management L.L.C. Acquires New Shares in Belden Inc. (NYSE:BDC)

Fox Run Management L.L.C. purchased a new position in shares of Belden Inc. (NYSE:BDC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,684 shares of the industrial products company's stock, valued at approximately $640,000.

A number of other large investors have also recently added to or reduced their stakes in BDC. FMR LLC raised its holdings in shares of Belden by 14.8% in the 3rd quarter. FMR LLC now owns 4,486,337 shares of the industrial products company's stock valued at $525,485,000 after purchasing an additional 576,768 shares during the period. State Street Corp increased its position in Belden by 6.8% during the third quarter. State Street Corp now owns 1,574,784 shares of the industrial products company's stock worth $184,532,000 after buying an additional 100,145 shares during the last quarter. Great Lakes Advisors LLC raised its stake in Belden by 169.6% in the fourth quarter. Great Lakes Advisors LLC now owns 146,317 shares of the industrial products company's stock valued at $16,477,000 after buying an additional 92,037 shares during the period. Boston Partners lifted its position in shares of Belden by 43.1% in the fourth quarter. Boston Partners now owns 230,170 shares of the industrial products company's stock valued at $26,387,000 after buying an additional 69,365 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Belden by 10.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 708,092 shares of the industrial products company's stock worth $82,939,000 after acquiring an additional 68,151 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

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Belden Stock Performance

NYSE:BDC traded down $3.43 during mid-day trading on Friday, hitting $100.88. 327,705 shares of the stock were exchanged, compared to its average volume of 268,513. The firm's 50-day simple moving average is $110.24 and its 200 day simple moving average is $114.77. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 20.97 and a beta of 1.02. Belden Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $131.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92.

Belden (NYSE:BDC - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. As a group, equities analysts anticipate that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Thursday, March 13th. Belden's dividend payout ratio (DPR) is currently 4.16%.

Insider Buying and Selling

In other Belden news, CEO Ashish Chand sold 14,535 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at $11,939,527.05. This represents a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory James Mccray sold 4,200 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.21, for a total transaction of $441,882.00. Following the completion of the transaction, the director now directly owns 4,199 shares in the company, valued at approximately $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,428 shares of company stock valued at $2,589,774 over the last 90 days. 1.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BDC shares. Benchmark restated a "buy" rating and issued a $130.00 price target on shares of Belden in a research note on Monday, February 10th. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Loop Capital cut their target price on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $130.25.

Belden Company 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.