Atlas Capital Advisors Inc. Boosts Position in Belden Inc. (NYSE:BDC)

Atlas Capital Advisors Inc. raised its position in Belden Inc. (NYSE:BDC) by 10.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,641 shares of the industrial products company’s stock after purchasing an additional 724 shares during the period. Atlas Capital Advisors Inc.’s holdings in Belden were worth $860,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in Belden by 49.9% in the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 211 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 199 shares in the last quarter. Principal Securities Inc. grew its position in shares of 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 increased its stake in shares of Belden by 72.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 599 shares in the last quarter. Finally, Matrix Trust Co raised its position in shares of Belden by 624.8% during the 4th 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.

Insiders Place Their Bets

In other Belden news, Director Gregory James Mccray sold 4,200 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the completion of the sale, the director now directly owns 4,199 shares in the company, valued at $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction dated 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 in the company, valued at $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 quarter. Company insiders own 1.59% of the company’s stock.

Belden Trading Down 11.0 %

Shares of Belden stock opened at $92.99 on Friday. The firm has a market cap of $3.74 billion, a PE ratio of 19.33 and a beta of 1.02. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. Belden Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $131.82. The business’s fifty day moving average is $108.61 and its two-hundred day moving average is $114.74.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s dividend payout ratio (DPR) is 4.16%.

Wall Street Analyst Weigh In

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

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.