Institutional Investors Lead Shift in Belden Inc (NYSE:BDC) Sentiment

May 15, 2018 - By Ellis Scott

Belden Inc. (NYSE:BDC) Logo

Sentiment for Belden Inc (NYSE:BDC)

Belden Inc (NYSE:BDC) institutional sentiment decreased to 1.14 in 2017 Q4. Its down -0.04, from 1.18 in 2017Q3. The ratio has worsened, as 107 institutional investors increased and started new positions, while 94 cut down and sold their equity positions in Belden Inc. The institutional investors in our partner’s database now have: 43.09 million shares, down from 43.50 million shares in 2017Q3. Also, the number of institutional investors holding Belden Inc in their top 10 positions decreased from 7 to 5 for a decrease of 2. Sold All: 16 Reduced: 78 Increased: 68 New Position: 39.

Belden Inc. designs, manufactures, and markets signal transmission solutions worldwide. The company has market cap of $2.28 billion. The Company’s Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, network and playout systems, plant connectivity products, and cable and connectivity products for television broadcast, cable, satellite, and IPTV industries. It has a 67.71 P/E ratio. The companyÂ’s Enterprise Connectivity Solutions segment provides copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures; and power, cooling, and airflow management products for mission-critical data center operations.

The stock increased 2.86% or $1.56 during the last trading session, reaching $56.06. About 329,682 shares traded. Belden Inc. (NYSE:BDC) has risen 2.17% since May 15, 2017 and is uptrending. It has underperformed by 9.38% the S&P500.

Analysts await Belden Inc. (NYSE:BDC) to report earnings on August, 1. They expect $1.43 EPS, up 10.85 % or $0.14 from last year’s $1.29 per share. BDC’s profit will be $58.13 million for 9.80 P/E if the $1.43 EPS becomes a reality. After $1.16 actual EPS reported by Belden Inc. for the previous quarter, Wall Street now forecasts 23.28 % EPS growth.

Stanley Capital Management Llc holds 3.12% of its portfolio in Belden Inc. for 79,000 shares. Lapides Asset Management Llc owns 166,000 shares or 2.78% of their US portfolio. Moreover, Channing Capital Management Llc has 2.46% invested in the company for 944,305 shares. The Illinois-based Skyline Asset Management Lp has invested 1.81% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 28,486 shares.

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $99,466 activity.

Belden Inc. (NYSE:BDC) Ratings Coverage

Ratings analysis reveals 67% of Belden Inc.’s analysts are positive. Out of 3 Wall Street analysts rating Belden Inc., 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $88.0 while the high is $97.0. The stock’s average target of $89 is 58.76% above today’s ($56.06) share price. BDC was included in 5 notes of analysts from December 1, 2017. The firm has “Buy” rating by SunTrust given on Monday, March 26. Cross Research downgraded Belden Inc. (NYSE:BDC) on Friday, December 1 to “Hold” rating. On Wednesday, December 6 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Belden Inc. (NYSE:BDC) earned “Hold” rating by SunTrust on Thursday, February 1. The stock of Belden Inc. (NYSE:BDC) earned “Buy” rating by Stifel Nicolaus on Thursday, March 29.

More news for Belden Inc. (NYSE:BDC) were recently published by: Bizjournals.com, which released: “Clayton company offers treatment, jobs for those with drug problems” on May 14, 2018. Seekingalpha.com‘s article titled: “Belden: The Shift In Its Market Segments” and published on April 25, 2018 is yet another important article.

Belden Inc. (NYSE:BDC) Institutional Positions Chart

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