Los Angeles Capital Management LLC Has $553,000 Position in Belden Inc. (NYSE:BDC)

Los Angeles Capital Management LLC trimmed its position in shares of Belden Inc. (NYSE:BDC) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,913 shares of the industrial products company’s stock after selling 280 shares during the period. Los Angeles Capital Management LLC’s holdings in Belden were worth $553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of Belden in the third quarter worth $33,000. First Horizon Advisors Inc. raised its position in Belden by 97.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 209 shares during the last quarter. Principal Securities Inc. lifted its holdings in Belden by 9.6% during the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after buying an additional 105 shares during the period. KBC Group NV grew its position in shares of Belden by 27.8% in the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after buying an additional 274 shares during the last quarter. Finally, 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 valued at $167,000 after buying an additional 599 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Belden Trading Down 3.4 %

NYSE BDC opened at $106.31 on Tuesday. The stock has a market capitalization of $4.28 billion, a P/E ratio of 22.10 and a beta of 1.08. The business has a 50 day simple moving average of $114.65 and a 200 day simple moving average of $115.04. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. Belden Inc. has a one year low of $80.90 and a one year high of $131.82.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. Research analysts expect that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

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

Insider Transactions at Belden

In other 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 transaction of $275,448.00. Following the transaction, the senior vice president now directly owns 23,243 shares of the company’s stock, valued at $2,667,599.11. This represents a 9.36 % 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 link. Also, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total transaction 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 have sold 19,228 shares of company stock valued at $2,147,892 in the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BDC. Loop Capital cut their price objective on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of Belden in a research report on Monday, February 10th. Finally, StockNews.com upgraded shares of Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Belden has a consensus rating of “Buy” and an average target price of $130.25.

About Belden

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.