Brucke Financial Inc. Purchases New Position in Belden Inc. (NYSE:BDC)

Brucke Financial Inc. acquired a new position in shares of Belden Inc. (NYSE:BDC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,418 shares of the industrial products company's stock, valued at approximately $398,000.

Several other institutional investors also recently bought and sold shares of BDC. Leigh Baldwin & CO. LLC purchased a new position in Belden during the 4th quarter valued at about $223,000. Public Employees Retirement System of Ohio bought a new position in shares of Belden during the fourth quarter valued at approximately $61,000. Vise Technologies Inc. increased its holdings in Belden by 10.8% during the fourth quarter. Vise Technologies Inc. now owns 5,433 shares of the industrial products company's stock valued at $612,000 after buying an additional 528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Belden by 20.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,730 shares of the industrial products company's stock worth $13,708,000 after buying an additional 20,550 shares in the last quarter. Finally, Twinbeech Capital LP bought a new position in Belden in the fourth quarter worth approximately $5,110,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Stock Down 1.4%

Shares of Belden stock traded down $1.46 during trading on Friday, reaching $106.13. The company's stock had a trading volume of 216,549 shares, compared to its average volume of 275,083. Belden Inc. has a 1-year low of $83.18 and a 1-year high of $131.82. The company has a 50-day simple moving average of $101.84 and a two-hundred day simple moving average of $110.16. 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 company has a market cap of $4.19 billion, a price-to-earnings ratio of 22.06 and a beta of 1.24.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.12. Belden had a return on equity of 21.42% and a net margin of 8.06%. The business had revenue of $624.86 million for the quarter, compared to analyst estimates of $615.81 million. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The company's revenue was up 16.6% on a year-over-year basis. As a group, equities analysts forecast that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Thursday, June 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. Belden's dividend payout ratio is currently 3.86%.

Insider Activity

In related news, SVP Leah Tate sold 231 shares of Belden stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $113.64, for a total transaction of $26,250.84. Following the completion of the sale, the senior vice president now owns 30,170 shares of the company's stock, valued at $3,428,518.80. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the transaction, the director now directly owns 4,199 shares of the company's stock, valued at $441,776.79. This represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.48% of the company's stock.

Wall Street Analyst Weigh In

BDC has been the topic of a number of analyst reports. Loop Capital cut their price target on Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group dropped their price objective on Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Wall Street Zen lowered Belden from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Benchmark reissued a "buy" rating and set a $120.00 price target on shares of Belden in a research report on Monday, May 5th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $126.20.

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.