Belden Inc. (NYSE:BDC) Shares Purchased by Atria Investments Inc

Atria Investments Inc raised its position in Belden Inc. (NYSE:BDC) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,340 shares of the industrial products company’s stock after purchasing an additional 552 shares during the quarter. Atria Investments Inc’s holdings in Belden were worth $743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Matrix Trust Co purchased a new position in shares of Belden during the 3rd quarter worth $25,000. GAMMA Investing LLC increased its position in shares of Belden by 72.2% during the third quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Belden in the 2nd quarter valued at approximately $28,000. Innealta Capital LLC acquired a new position in shares of Belden in the 2nd quarter worth approximately $95,000. Finally, Covestor Ltd boosted its position in shares of Belden by 33.9% during the 1st quarter. Covestor Ltd now owns 1,166 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 295 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Belden Stock Performance

NYSE:BDC opened at $118.41 on Tuesday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 27.54 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. Belden Inc. has a 52 week low of $65.52 and a 52 week high of $131.82. The company has a fifty day simple moving average of $116.26 and a two-hundred day simple moving average of $103.23.

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

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Thursday, September 12th. Belden’s dividend payout ratio is presently 4.65%.

Wall Street Analyst Weigh In

BDC has been the topic of a number of research analyst reports. Vertical Research started coverage on Belden in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 target price on the stock. Truist Financial boosted their price objective on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Benchmark raised their target price on Belden from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $122.75.

Insider Activity

In other news, CAO Doug Zink sold 1,324 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $117.49, for a total value of $155,556.76. Following the transaction, the chief accounting officer now owns 9,643 shares in the company, valued at approximately $1,132,956.07. This represents a 12.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.59% of the company’s stock.

Belden Company 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.