It has been reported that multiple insider activity took place at Belden Inc. (BDC). SVP, Broadcast Solutions Vestjens Roel acquired 447 shares for $22,778 in transaction occurred on 2018/11/14. After making this transaction, SVP, Broadcast Solutions owns a direct stake of 2 shares, worth $1,303,357, as per the last closing price. On 2018/11/02 Derksen Henk, SVP, Finance, & CFO at BDC, purchased 1,431 shares at an average price of $53.65 per share. The new stake is valued at $2,223,398.
Chairman, President and CEO, Stroup John S had invested in 9,250 shares for $121,581 through a trade on 2018/11/01. Following this activity, the insider holds 7 shares worth $6,956,865 as of recent close.
Price (T.Rowe) Small-Cap Value Fund revealed as top hedge fund owner in Belden Inc. (BDC) with a stake of over 2.45M BDC shares as of March 30, with a market value of approx. $131.8M as of today. The second largest holder, Janus Henderson Triton Fund, with 2.04M shares which equates to $109.45M worth of the stock. At third is Janus Henderson Enterprise Fund, which stood pat with 1.69M shares, a 4.03% position in Belden Inc., worth $90.61M. The insider holding in stood at 0.4% while institutions hold 0%.
Belden Inc. (NYSE:BDC) rose 0.3% in recent trade and currently has a stock-market value of $2.25B. The shares finished at $57.22. Trading activity significantly improved as the volume at ready counter increased to 530,654 shares versus 479,810 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 481,989 shares. The stock is now 51.42% above against its bear-market low of $37.79 on December 26, 2018. It has retreated -33.5% since it’s 52-week high of $76.39 reached in August. Now the market price is up 4.99% on the year and up 36.99% YTD.
BDC stock’s 50 day simple moving average (SMA 50) price is $57.47 and its 200-day simple moving average (SMA 200) price is $58.75. The company’s stock currently has a total float of 38.71M shares. Its weekly volatility is hovering around 3.48% and felt 3.31% volatility in price over a month. On the upside, the share price will test short term resistance at around $57.66. On a downside, the stock is likely to find some support, which begins at $56.51. The failure to get near-term support could push it to $55.79.
It had seen a negative analyst call from Longbow, which downgraded the stock from Buy to Neutral on February 21. Analysts at Longbow, shed their negative views on January 03 by lifting it fromNeutral to Buy. The stock lost favor of Goldman analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on December 03. SunTrust analysts came out with bearish views on November 01 when the call was made. They think the stock is now Hold compared to to their prior call for Buy.
When looking at valuations, Belden Inc. (BDC) has a cheap P/E of 15.82x as compared to industry average of 18.73x. Moreover, it trades for 9.04 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.58x price/book and 0.88x price/sales. Compared to others, Belden Inc. is in a different league with regards to profitability, having net margins of 5.8%. To put some perspective around this, the industry’s average net margin is 4.68%. BDC’s ROE is 10.7%, which is also considerably better than the industry’s ROE of 7.1%. It’s also very liquid in the near term, with a current ratio of 2. The stock has a debt/capital of 1.01.
Shares of BDC have gained 2.7% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Belden Inc. (NYSE:BDC) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. BDC last reported earnings that exceeded expectations. The company raked in $0.99 per share, -90.23% change on the same period last year. That was better than consensus for $0.9. Revenue for the recent quarter stood at $587.17 million, down -3% on last year and above the $577.17 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $632 million to $650.6 million, which should be compared with $685.54 million generated last year. EPS is seen in a range of $1.21 to $1.44, against the $1.61 reported a year ago.