Leeward Investments LLC MA Sells 5,052 Shares of Belden Inc. (NYSE:BDC)

Leeward Investments LLC MA decreased its position in Belden Inc. (NYSE:BDC) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 67,854 shares of the industrial products company’s stock after selling 5,052 shares during the quarter. Leeward Investments LLC MA’s holdings in Belden were worth $7,641,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Belden by 49.9% in the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 211 shares in the last quarter. Navellier & Associates Inc. purchased a new position in shares of Belden in the 4th quarter worth approximately $227,000. Principal Financial Group Inc. boosted its stake in shares of Belden by 0.3% in the 4th quarter. Principal Financial Group Inc. now owns 107,967 shares of the industrial products company’s stock worth $12,158,000 after buying an additional 307 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Belden by 9.6% in 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 last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Belden in the 4th quarter worth approximately $270,000. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BDC shares. Truist Financial raised their target price on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of Belden in a research note on Monday, February 10th. Finally, Loop Capital dropped their target price on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $130.25.

Belden Stock Performance

NYSE:BDC opened at $111.41 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. The business has a fifty day simple moving average of $115.53 and a two-hundred day simple moving average of $114.52. Belden Inc. has a 1 year low of $80.73 and a 1 year high of $131.82. The company has a market capitalization of $4.49 billion, a P/E ratio of 23.16 and a beta of 1.08.

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

Insider Activity at Belden

In related news, SVP Leah Tate sold 2,400 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00. Following the sale, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.59% of the stock is owned by company insiders.

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.