Fox Run Management L.L.C. Buys New Shares in Belden Inc. (NYSE:BDC)

Fox Run Management L.L.C. purchased a new position in shares of Belden Inc. (NYSE:BDC) in the fourth quarter, HoldingsChannel reports. The fund purchased 5,684 shares of the industrial products company’s stock, valued at approximately $640,000.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in Belden by 97.7% in the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock valued at $50,000 after buying an additional 209 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 199 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Belden by 9.6% in the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 105 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Belden by 72.3% in the third quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 599 shares during the period. Finally, Matrix Trust Co raised its holdings in shares of Belden by 624.8% during the fourth quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,312 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Belden Trading Up 3.6 %

BDC stock opened at $105.42 on Tuesday. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The firm has a market cap of $4.25 billion, a P/E ratio of 21.92 and a beta of 1.02. The company’s 50-day simple moving average is $111.30 and its 200-day simple moving average is $114.85.

Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating 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%. As a group, equities analysts forecast that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s dividend payout ratio is presently 4.16%.

Analysts Set New Price Targets

Several brokerages have weighed in on BDC. Loop Capital cut their price target on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Belden in a report on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $130.25.

Insider Buying and Selling at Belden

In other news, SVP Leah Tate sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the transaction, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. This trade represents a 9.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $1,619,925.75. Following the sale, the chief executive officer now owns 107,129 shares of the company’s stock, valued at $11,939,527.05. The trade was a 11.95 % 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.