Altshuler Shaham Ltd Invests $221,000 in Belden Inc. (NYSE:BDC)

Altshuler Shaham Ltd bought a new stake in Belden Inc. (NYSE:BDC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,960 shares of the industrial products company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BDC. Principal Securities Inc. grew its stake in Belden by 9.6% during the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 105 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Belden by 5.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,277 shares of the industrial products company’s stock valued at $257,000 after buying an additional 116 shares during the last quarter. Arizona State Retirement System boosted its position in Belden by 1.1% in the fourth quarter. Arizona State Retirement System now owns 11,843 shares of the industrial products company’s stock valued at $1,334,000 after buying an additional 129 shares during the last quarter. Mariner LLC increased its holdings in Belden by 6.7% in the 4th quarter. Mariner LLC now owns 2,190 shares of the industrial products company’s stock worth $247,000 after buying an additional 137 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Belden by 31.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

BDC has been the topic of several recent research reports. The Goldman Sachs Group dropped their price objective on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Belden 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, StockNews.com downgraded Belden from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $128.20.

Belden Stock Down 1.4 %

BDC opened at $93.58 on Thursday. The company has a fifty day moving average of $103.43 and a two-hundred day moving average of $113.27. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 19.46 and a beta of 1.07. 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) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating 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%. On average, research analysts expect that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, March 13th. Belden’s payout ratio is 4.16%.

Insider Buying and Selling at Belden

In related news, CEO Ashish Chand sold 14,535 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at approximately $11,939,527.05. The trade was a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Leah Tate sold 2,400 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the completion of the transaction, the senior vice president now directly owns 23,243 shares of the company’s stock, valued at approximately $2,667,599.11. This represents a 9.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,428 shares of company stock valued at $2,589,774 over the last ninety days. Corporate 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.