May Hill Capital LLC Takes $439,000 Position in Belden Inc. (NYSE:BDC)

May Hill Capital LLC bought a new position in Belden Inc. (NYSE:BDC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,900 shares of the industrial products company’s stock, valued at approximately $439,000.

Several other hedge funds have also added to or reduced their stakes in BDC. First Horizon Advisors Inc. increased its holdings in shares of Belden by 49.9% in the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock worth $71,000 after buying an additional 211 shares during the period. Parkside Financial Bank & Trust increased its stake in Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 199 shares during the period. Principal Securities Inc. lifted its position in Belden by 9.6% in the fourth 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. TD Private Client Wealth LLC boosted its stake in shares of Belden by 72.3% during the third quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 599 shares during the period. Finally, Matrix Trust Co grew its holdings in shares of Belden by 624.8% in 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. 98.75% of the stock is owned by institutional investors.

Belden Trading Down 0.6 %

NYSE:BDC opened at $100.30 on Tuesday. The company has a 50-day moving average price of $109.90 and a 200-day moving average price of $114.98. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 20.85 and a beta of 1.02. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. Belden Inc. has a 12 month low of $80.90 and a 12 month high of $131.82.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share 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%. Equities analysts predict that Belden Inc. will post 7.07 EPS for the current year.

Belden Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Loop Capital lowered their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark restated a “buy” rating and set 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $130.25.

Insider Activity at Belden

In related news, SVP Leah Tate sold 2,400 shares of the company’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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total value of $234,190.00. Following the completion of the sale, the director now directly owns 9,968 shares of the company’s stock, valued at approximately $1,096,480. The trade was a 17.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,428 shares of company stock valued at $2,589,774 in the last 90 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.