Fox Run Management L.L.C. Takes $640,000 Position in Belden Inc. (NYSE:BDC)

Fox Run Management L.L.C. purchased a new position in shares of Belden Inc. (NYSE:BDC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,684 shares of the industrial products company’s stock, valued at approximately $640,000.

A number of other large investors also recently bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new stake in shares of Belden during the fourth quarter worth $969,000. AXQ Capital LP purchased a new position in Belden in the 4th quarter worth about $209,000. Magnetar Financial LLC bought a new stake in Belden during the 4th quarter valued at about $370,000. Teacher Retirement System of Texas boosted its position in Belden by 58.5% in the 4th quarter. Teacher Retirement System of Texas now owns 36,518 shares of the industrial products company’s stock valued at $4,112,000 after buying an additional 13,471 shares during the period. Finally, Xponance Inc. grew its stake in Belden by 4.5% in the 4th quarter. Xponance Inc. now owns 5,740 shares of the industrial products company’s stock worth $646,000 after acquiring an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on BDC. Loop Capital decreased their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and set a $130.00 price target on shares of Belden in a research report 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. Based on data from MarketBeat.com, Belden has an average rating of “Buy” and an average price target of $130.25.

Belden Price Performance

NYSE BDC opened at $105.42 on Tuesday. The company has a market cap of $4.25 billion, a PE ratio of 21.92 and a beta of 1.02. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The firm’s 50 day moving average price is $111.30 and its 200-day moving average price is $114.85.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. Sell-side analysts forecast that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Thursday, March 13th. Belden’s dividend payout ratio is currently 4.16%.

Insider Activity

In other Belden news, CEO Ashish Chand sold 14,535 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at approximately $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Leah Tate sold 2,400 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. The trade was a 9.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,428 shares of company stock worth $2,589,774. Corporate insiders own 1.59% of the company’s stock.

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.