Natixis Advisors LLC Raises Position in Belden Inc. (NYSE:BDC)

Natixis Advisors LLC boosted its stake in Belden Inc. (NYSE:BDC) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,239 shares of the industrial products company’s stock after buying an additional 741 shares during the period. Natixis Advisors LLC’s holdings in Belden were worth $4,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. KBC Group NV lifted its holdings in Belden by 27.8% in the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock worth $148,000 after buying an additional 274 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Belden by 3.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 17,494 shares of the industrial products company’s stock worth $2,049,000 after buying an additional 617 shares during the period. GSA Capital Partners LLP purchased a new stake in Belden in the third quarter worth about $687,000. Los Angeles Capital Management LLC purchased a new stake in Belden in the third quarter worth about $608,000. Finally, Atria Investments Inc lifted its holdings in Belden by 9.5% in the third quarter. Atria Investments Inc now owns 6,340 shares of the industrial products company’s stock worth $743,000 after buying an additional 552 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Belden news, CAO Doug Zink sold 3,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $128.82, for a total value of $386,460.00. Following the sale, the chief accounting officer now owns 6,643 shares in the company, valued at $855,751.26. The trade was a 31.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.59% of the company’s stock.

Belden Price Performance

Shares of BDC opened at $123.41 on Friday. The company has a market capitalization of $4.98 billion, a P/E ratio of 28.70 and a beta of 1.07. The company has a quick ratio of 1.43, a current ratio of 2.07 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $117.84 and a 200 day moving average of $103.92. Belden Inc. has a twelve month low of $65.52 and a twelve month high of $131.82.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.09. The company had revenue of $654.90 million during the quarter, compared to the consensus estimate of $643.63 million. Belden had a net margin of 7.61% and a return on equity of 20.55%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. As a group, equities research analysts anticipate that Belden Inc. will post 6.12 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th 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 0.16%. The ex-dividend date of this dividend is Thursday, December 12th. Belden’s dividend payout ratio (DPR) is 4.65%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BDC. Benchmark raised their target price on shares of Belden from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Truist Financial raised their target price on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $122.75.

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.