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

Leeward Investments LLC MA lessened its holdings in Belden Inc. (NYSE:BDC) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 owned approximately 0.17% of Belden worth $7,641,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new position in Belden in the 3rd quarter valued at approximately $608,000. GSA Capital Partners LLP bought a new stake in shares of Belden in the third quarter worth $687,000. Citigroup Inc. grew its stake in shares of Belden by 157.5% in the third quarter. Citigroup Inc. now owns 32,453 shares of the industrial products company’s stock worth $3,801,000 after purchasing an additional 19,849 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Belden by 0.6% in the third quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company’s stock worth $112,580,000 after purchasing an additional 5,727 shares during the last quarter. Finally, Foster & Motley Inc. raised its position in shares of Belden by 25.3% during the third quarter. Foster & Motley Inc. now owns 38,675 shares of the industrial products company’s stock worth $4,530,000 after acquiring an additional 7,819 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BDC. Truist Financial raised their price objective on Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital reduced their price objective 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. StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Belden in a research note on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Belden has a consensus rating of “Buy” and a consensus target price of $130.25.

Belden Stock Performance

Shares of BDC stock opened at $111.41 on Monday. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 23.16 and a beta of 1.08. Belden Inc. has a 52 week low of $80.73 and a 52 week high of $131.82. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $115.53 and a 200-day moving average of $114.52.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share 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, equities analysts forecast that Belden Inc. will post 7.07 earnings per share for the current year.

Insider Buying and Selling at Belden

In other news, 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 transaction 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 trade represents a 9.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.59% of the company’s stock.

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.