Leeward Investments LLC MA Buys 3,905 Shares of Belden Inc. (NYSE:BDC)

Leeward Investments LLC MA increased its stake in shares of Belden Inc. (NYSE:BDC) by 5.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,160 shares of the industrial products company’s stock after acquiring an additional 3,905 shares during the period. Leeward Investments LLC MA owned about 0.18% of Belden worth $6,862,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Michigan Retirement System raised its stake in Belden by 2.0% in the first quarter. State of Michigan Retirement System now owns 10,198 shares of the industrial products company’s stock valued at $944,000 after buying an additional 200 shares during the period. Quadrant Capital Group LLC raised its stake in Belden by 41.7% in the fourth quarter. Quadrant Capital Group LLC now owns 829 shares of the industrial products company’s stock valued at $64,000 after buying an additional 244 shares during the period. ProShare Advisors LLC raised its stake in Belden by 3.1% in the first quarter. ProShare Advisors LLC now owns 9,524 shares of the industrial products company’s stock valued at $882,000 after buying an additional 290 shares during the period. Covestor Ltd raised its stake in Belden by 33.9% in the first quarter. Covestor Ltd now owns 1,166 shares of the industrial products company’s stock valued at $108,000 after buying an additional 295 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Belden in the second quarter valued at approximately $28,000. Institutional investors own 98.75% of the company’s stock.

Belden Price Performance

Shares of BDC traded up $1.17 during trading hours on Monday, reaching $102.72. The stock had a trading volume of 16,958 shares, compared to its average volume of 273,002. Belden Inc. has a 12 month low of $60.54 and a 12 month high of $103.24. The stock has a market capitalization of $4.18 billion, a PE ratio of 19.87 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.83 and a current ratio of 1.70. The company’s 50-day moving average is $94.61 and its two-hundred day moving average is $90.26.

Belden (NYSE:BDC) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. The business had revenue of $604.34 million during the quarter, compared to analyst estimates of $574.32 million. Belden had a return on equity of 21.13% and a net margin of 8.51%. Belden’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. Research analysts expect that Belden Inc. will post 5.85 EPS for the current year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. Belden’s payout ratio is currently 3.91%.

Analyst Ratings Changes

Several equities analysts have recently commented on BDC shares. Truist Financial upped their target price on Belden from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Loop Capital upped their target price on Belden from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Vertical Research started coverage on Belden in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 target price on the stock. StockNews.com raised Belden from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Finally, Benchmark upped their target price on Belden from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Belden has a consensus rating of “Moderate Buy” and an average target price of $111.67.

Insiders Place Their Bets

In other Belden news, SVP Brian Edward Anderson sold 1,262 shares of the stock in a transaction dated Tuesday, August 13th. The stock was 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 directly owns 39,385 shares in the company, valued at approximately $3,812,074.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Brian Edward Anderson sold 1,262 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 39,385 shares in the company, valued at approximately $3,812,074.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brian Lieser sold 819 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $91.26, for a total value of $74,741.94. Following the completion of the sale, the executive vice president now owns 21,031 shares of the company’s stock, valued at $1,919,289.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,537 shares of company stock worth $2,007,356. Company 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.