TFS Capital LLC Invests $384,000 in Belden Inc. (BDC)

TFS Capital LLC bought a new stake in shares of Belden Inc. (NYSE:BDC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,545 shares of the industrial products company’s stock, valued at approximately $384,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new position in Belden during the fourth quarter valued at $105,000. James Investment Research Inc. purchased a new position in Belden during the first quarter valued at $130,000. Elkfork Partners LLC purchased a new position in Belden during the fourth quarter valued at $159,000. MUFG Americas Holdings Corp purchased a new position in Belden during the fourth quarter valued at $175,000. Finally, Doheny Asset Management CA purchased a new position in Belden during the third quarter valued at $200,000.

Institutional Ownership by Quarter for Belden (NYSE:BDC)

Belden Inc. (NYSE:BDC) traded up 1.12% on Friday, hitting $67.99. 282,207 shares of the company were exchanged. Belden Inc. has a 52-week low of $54.97 and a 52-week high of $81.33. The firm has a 50 day moving average of $69.26 and a 200-day moving average of $72.34. The stock has a market cap of $2.87 billion, a PE ratio of 25.58 and a beta of 2.24.

Belden (NYSE:BDC) last issued its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $551.40 million during the quarter, compared to analyst estimates of $551.14 million. Belden had a net margin of 5.43% and a return on equity of 20.29%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, equities analysts expect that Belden Inc. will post $5.10 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “TFS Capital LLC Invests $384,000 in Belden Inc. (BDC)” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2017/05/19/tfs-capital-llc-invests-384000-in-belden-inc-bdc.html.

BDC has been the topic of several recent analyst reports. Seaport Global Securities began coverage on shares of Belden in a report on Thursday, March 2nd. They issued a “buy” rating and a $82.00 target price on the stock. Drexel Hamilton began coverage on shares of Belden in a report on Friday, February 10th. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Belden from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Finally, JPMorgan Chase & Co. began coverage on shares of Belden in a report on Monday, February 13th. They issued a “neutral” rating and a $76.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Belden presently has a consensus rating of “Buy” and an average target price of $81.71.

Belden Company Profile

Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).

5 Day Chart for NYSE:BDC

Receive News & Ratings for Belden Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply