LSV Asset Management Has $5.94 Million Stake in Belden Inc. (NYSE:BDC)

LSV Asset Management reduced its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,710 shares of the industrial products company's stock after selling 10,490 shares during the quarter. LSV Asset Management owned approximately 0.13% of Belden worth $5,936,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BDC. Geode Capital Management LLC increased its holdings in Belden by 0.6% in the third quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company's stock worth $112,580,000 after buying an additional 5,727 shares during the last quarter. Polen Capital Management LLC bought a new position in shares of Belden during the 4th quarter valued at $2,723,000. Norges Bank bought a new stake in Belden in the fourth quarter worth $54,167,000. Dynamic Technology Lab Private Ltd acquired a new position in Belden during the fourth quarter worth $443,000. Finally, Barclays PLC raised its holdings in Belden by 189.4% during the third quarter. Barclays PLC now owns 80,132 shares of the industrial products company's stock valued at $9,386,000 after buying an additional 52,439 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price target on Belden from $139.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Loop Capital decreased their target price on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Benchmark restated a "buy" rating and issued a $130.00 price objective on shares of Belden in a research note on Monday, February 10th. Finally, StockNews.com downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Belden presently has an average rating of "Buy" and an average price target of $128.20.

Insider Activity at Belden

In other Belden news, SVP Leah Tate sold 2,400 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares of the company's stock, valued at $2,667,599.11. This represents a 9.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan C. Klein sold 2,129 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total transaction of $234,190.00. Following the completion of the transaction, the director now directly owns 9,968 shares of the company's stock, valued at approximately $1,096,480. This represents a 17.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,428 shares of company stock valued at $2,589,774 in the last three months. Corporate insiders own 1.59% of the company's stock.

Belden Stock Performance

Shares of Belden stock traded up $0.43 during midday trading on Friday, hitting $94.00. The company had a trading volume of 186,162 shares, compared to its average volume of 274,825. Belden Inc. has a 1-year low of $80.90 and a 1-year high of $131.82. The business's 50 day simple moving average is $102.65 and its two-hundred day simple moving average is $112.95. The stock has a market cap of $3.74 billion, a PE ratio of 19.54 and a beta of 1.07. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37.

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

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. Belden's dividend payout ratio (DPR) is presently 4.16%.

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.