Leeward Investments LLC MA Has $8.54 Million Position in Belden Inc. (NYSE:BDC)

Leeward Investments LLC MA lowered its position in Belden Inc. (NYSE:BDC) by 0.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,906 shares of the industrial products company’s stock after selling 254 shares during the period. Leeward Investments LLC MA’s holdings in Belden were worth $8,539,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BDC. Renaissance Technologies LLC grew its holdings in Belden by 15.8% during the second quarter. Renaissance Technologies LLC now owns 313,063 shares of the industrial products company’s stock valued at $29,365,000 after purchasing an additional 42,600 shares during the last quarter. Retirement Systems of Alabama grew its holdings in Belden by 2.1% during the second quarter. Retirement Systems of Alabama now owns 249,573 shares of the industrial products company’s stock valued at $23,410,000 after purchasing an additional 5,209 shares during the last quarter. Waters Parkerson & CO. LLC grew its holdings in Belden by 2.2% during the second quarter. Waters Parkerson & CO. LLC now owns 214,322 shares of the industrial products company’s stock valued at $20,103,000 after purchasing an additional 4,636 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in Belden by 60.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 167,430 shares of the industrial products company’s stock valued at $15,705,000 after purchasing an additional 63,216 shares during the last quarter. Finally, F M Investments LLC grew its holdings in Belden by 2.3% during the third quarter. F M Investments LLC now owns 138,033 shares of the industrial products company’s stock valued at $16,168,000 after purchasing an additional 3,070 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Buying and Selling

In related news, SVP Brian Edward Anderson sold 1,262 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $96.79, for a total value of $122,148.98. Following the completion of the transaction, the senior vice president now directly owns 39,385 shares of the company’s stock, valued at $3,812,074.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Doug Zink sold 1,324 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $117.49, for a total value of $155,556.76. Following the sale, the chief accounting officer now owns 9,643 shares in the company, valued at approximately $1,132,956.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian Edward Anderson sold 1,262 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $96.79, for a total transaction of $122,148.98. Following the completion of the sale, the senior vice president now owns 39,385 shares in the company, valued at $3,812,074.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,142 shares of company stock valued at $936,322 over the last ninety days. 1.59% of the stock is owned by company insiders.

Belden Trading Down 2.6 %

Shares of Belden stock opened at $128.00 on Friday. The company’s fifty day simple moving average is $113.54 and its 200-day simple moving average is $101.09. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 29.77 and a beta of 1.07. The company has a current ratio of 2.07, a quick ratio of 1.43 and a debt-to-equity ratio of 0.99. Belden Inc. has a 1 year low of $63.28 and a 1 year high of $131.82.

Belden (NYSE:BDC) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.61 by $0.09. The firm had revenue of $654.90 million during the quarter, compared to analysts’ expectations of $643.63 million. Belden had a return on equity of 20.55% and a net margin of 7.61%. Belden’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. As a group, sell-side analysts expect that Belden Inc. will post 6.12 EPS for the current year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 12th were given a $0.05 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.16%. Belden’s dividend payout ratio (DPR) is currently 4.65%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Benchmark increased their price target on Belden from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Vertical Research assumed coverage on shares of Belden in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Truist Financial raised their price objective on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Belden currently has an average rating of “Buy” and a consensus price target of $122.75.

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.