Haven Private LLC Takes $559,000 Position in Belden Inc. (NYSE:BDC)

Haven Private LLC bought a new position in shares of Belden Inc. (NYSE:BDC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,963 shares of the industrial products company's stock, valued at approximately $559,000.

A number of other large investors also recently modified their holdings of BDC. Prospera Private Wealth LLC bought a new position in Belden during the 3rd quarter worth $33,000. First Horizon Advisors Inc. boosted its holdings in shares of Belden by 97.7% during the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company's stock valued at $50,000 after acquiring an additional 209 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock worth $94,000 after acquiring an additional 199 shares during the last quarter. Principal Securities Inc. grew its position in shares of Belden by 9.6% during the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company's stock worth $135,000 after acquiring an additional 105 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Belden by 27.8% in the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company's stock worth $148,000 after acquiring an additional 274 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Gregory James Mccray sold 4,200 shares of Belden stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the transaction, the director now directly owns 4,199 shares of the company's stock, valued at $441,776.79. This trade represents a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan C. Klein sold 2,129 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total transaction of $234,190.00. Following the sale, the director now owns 9,968 shares in the company, valued at $1,096,480. This represents a 17.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,428 shares of company stock worth $2,589,774. Insiders own 1.59% of the company's stock.

Remove Ads

Belden Price Performance

Shares of BDC stock traded up $1.02 during midday trading on Tuesday, reaching $102.11. 246,080 shares of the company were exchanged, compared to its average volume of 255,996. The company's 50 day moving average price is $113.62 and its two-hundred day moving average price is $115.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The company has a market cap of $4.11 billion, a P/E ratio of 21.23 and a beta of 1.02. Belden Inc. has a 12 month low of $80.90 and a 12 month high of $131.82.

Belden (NYSE:BDC - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. On average, sell-side analysts expect that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on BDC. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Loop Capital decreased their price objective on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Benchmark restated a "buy" rating and issued a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Belden has a consensus rating of "Buy" and a consensus target price of $130.25.

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.