XTX Topco Ltd Sells 2,723 Shares of Belden Inc (NYSE:BDC)

XTX Topco Ltd lowered its position in Belden Inc (NYSE:BDC - Free Report) by 49.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,837 shares of the industrial products company's stock after selling 2,723 shares during the quarter. XTX Topco Ltd's holdings in Belden were worth $284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Belden in the first quarter valued at about $35,000. Quarry LP lifted its position in shares of Belden by 208.7% in the fourth quarter. Quarry LP now owns 392 shares of the industrial products company's stock worth $44,000 after buying an additional 265 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Belden by 34.7% in the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock worth $45,000 after buying an additional 115 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Belden in the first quarter worth about $47,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Belden in the fourth quarter worth about $61,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Transactions at Belden

In other news, SVP Brian Edward Anderson sold 7,158 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $130.51, for a total value of $934,190.58. Following the completion of the transaction, the senior vice president directly owned 39,574 shares of the company's stock, valued at approximately $5,164,802.74. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.48% of the stock is owned by corporate insiders.

Belden Stock Performance

Shares of NYSE BDC traded down $1.93 during trading hours on Thursday, hitting $125.68. 92,819 shares of the company's stock were exchanged, compared to its average volume of 283,433. Belden Inc has a 1-year low of $83.18 and a 1-year high of $132.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 22.77 and a beta of 1.28. The company's 50-day moving average price is $119.16 and its 200-day moving average price is $110.15.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. Belden had a return on equity of 23.29% and a net margin of 8.60%. The firm had revenue of $671.99 million for the quarter, compared to analyst estimates of $654.82 million. During the same period in the previous year, the company posted $1.51 earnings per share. The company's quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts expect that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Thursday, June 12th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, June 12th. Belden's payout ratio is currently 3.62%.

Analysts Set New Price Targets

BDC has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Belden in a research report on Friday, July 11th. Benchmark boosted their price target on Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen cut Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Belden has a consensus rating of "Buy" and an average price target of $136.50.

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.