Thrivent Financial for Lutherans Sells 118 Shares of Belden Inc. (NYSE:BDC)

Thrivent Financial for Lutherans lowered its position in Belden Inc. (NYSE:BDC – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,402 shares of the industrial products company’s stock after selling 118 shares during the period. Thrivent Financial for Lutherans’ holdings in Belden were worth $820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd increased its position in shares of Belden by 88.0% during the first quarter. Point72 Hong Kong Ltd now owns 515 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 241 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Belden by 164.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 569 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 354 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in Belden by 444.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 631 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 515 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Belden by 87.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,105 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 515 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Belden by 96.5% during the 3rd quarter. Royal Bank of Canada now owns 1,352 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 664 shares during the period. Institutional investors own 99.88% of the company’s stock.

Insider Buying and Selling at Belden

In related news, Director Jonathan C. Klein sold 2,500 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $81.49, for a total transaction of $203,725.00. Following the sale, the director now owns 11,553 shares of the company’s stock, valued at $941,453.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.42% of the stock is currently owned by company insiders.

Belden Trading Down 0.3 %

BDC stock opened at $84.96 on Thursday. Belden Inc. has a 52-week low of $47.89 and a 52-week high of $92.33. The company has a quick ratio of 2.00, a current ratio of 2.70 and a debt-to-equity ratio of 1.04. The company’s 50-day simple moving average is $81.78 and its 200-day simple moving average is $80.74. The firm has a market cap of $3.62 billion, a P/E ratio of 13.25 and a beta of 1.31.

Belden (NYSE:BDC – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.13. Belden had a net margin of 10.69% and a return on equity of 26.83%. The firm had revenue of $641.79 million during the quarter, compared to analysts’ expectations of $624.46 million. During the same quarter last year, the company posted $1.31 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Belden Inc. will post 7.11 EPS for the current fiscal year.

Analysts Set New Price Targets

BDC has been the topic of several recent analyst reports. Loop Capital increased their target price on Belden from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Truist Financial lifted their price target on Belden from $93.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. StockNews.com assumed coverage on Belden in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Benchmark lifted their price target on Belden from $88.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Finally, The Goldman Sachs Group lifted their price target on Belden from $76.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, February 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Belden has a consensus rating of “Moderate Buy” and an average price target of $98.80.

About Belden

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Belden, Inc engages in the provision of innovative signal transmission solutions. It operates through the Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers network infrastructure solutions, as well as cabling and connectivity solutions for broadcast, commercial audio/video, and security applications.