Belden Inc. (NYSE:BDC) Shares Bought by Great West Life Assurance Co. Can


Share on StockTwits

Great West Life Assurance Co. Can grew its position in shares of Belden Inc. (NYSE:BDC) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,184 shares of the industrial products company’s stock after purchasing an additional 2,338 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Belden were worth $690,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. increased its position in shares of Belden by 24.4% during the 3rd quarter. Whittier Trust Co. now owns 2,545 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 500 shares during the period. AXA S.A. increased its position in shares of Belden by 0.4% during the 3rd quarter. AXA S.A. now owns 139,200 shares of the industrial products company’s stock valued at $4,332,000 after purchasing an additional 500 shares during the period. Securian Asset Management Inc increased its position in shares of Belden by 13.5% during the 3rd quarter. Securian Asset Management Inc now owns 4,323 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 515 shares during the period. Federated Hermes Inc. increased its position in shares of Belden by 14.5% during the 3rd quarter. Federated Hermes Inc. now owns 4,161 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 528 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Belden by 11.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,593 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 785 shares during the last quarter.

BDC opened at $42.78 on Thursday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -9.24 and a beta of 1.57. Belden Inc. has a 1 year low of $25.54 and a 1 year high of $56.94. The company has a current ratio of 2.20, a quick ratio of 1.66 and a debt-to-equity ratio of 1.88. The stock has a fifty day moving average price of $41.83 and a 200 day moving average price of $35.41.

Belden (NYSE:BDC) last released its quarterly earnings data on Sunday, November 1st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.11. The firm had revenue of $475.84 million during the quarter, compared to analysts’ expectations of $446.36 million. Belden had a positive return on equity of 15.55% and a negative net margin of 10.95%. As a group, sell-side analysts forecast that Belden Inc. will post 2.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 7th. Shareholders of record on Friday, December 18th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 17th. This represents a $0.20 annualized dividend and a yield of 0.47%. Belden’s dividend payout ratio (DPR) is currently 4.42%.

A number of brokerages recently issued reports on BDC. Truist lifted their target price on Belden from $41.00 to $50.00 in a report on Wednesday, December 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $46.00 target price on shares of Belden in a research report on Wednesday, December 16th. BidaskClub cut Belden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th. Zacks Investment Research cut Belden from a “hold” rating to a “sell” rating in a research report on Monday, January 4th. Finally, ValuEngine cut Belden from a “hold” rating to a “sell” rating in a research report on Friday, October 30th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.15.

In other Belden news, Director Judy L. Brown sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 16th. The stock was sold at an average price of $41.39, for a total transaction of $165,560.00. Following the transaction, the director now directly owns 22,258 shares in the company, valued at $921,258.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman John S. Stroup sold 7,417 shares of the firm’s stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $40.22, for a total value of $298,311.74. Following the transaction, the chairman now owns 92,253 shares in the company, valued at $3,710,415.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,093 shares of company stock worth $531,146. Corporate insiders own 1.21% of the company’s stock.

Belden Profile

Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.

Featured Article: NASDAQ

Want to see what other hedge funds are holding BDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belden Inc. (NYSE:BDC).

Institutional Ownership by Quarter for Belden (NYSE:BDC)

Receive News & Ratings for Belden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden and related companies with MarketBeat.com's FREE daily email newsletter.