Belden Inc (NYSE:BDC) Shares Bought by Louisiana State Employees Retirement System

14 Août, 2017, 01:28 | Author: Marc Bacque

The institutional investor owned 2,045 shares of the industrial products company's stock at the end of the second quarter.

Several other hedge funds have also recently bought and sold shares of the company. Legato Capital Management LLC acquired a new position in shares of Belden during the second quarter worth approximately $543,000. Point72 Asia Hong Kong Ltd now owns 2,060 shares of the industrial products company's stock valued at $143,000 after buying an additional 1,831 shares during the last quarter. Norges Bank acquired a new stake in Belden during the fourth quarter worth about $32,808,000. State Treasurer State of MI raised its stake in shares of Belden by 1.8% in the second quarter. Greenwood Capital Associates LLC now owns 2,975 shares of the industrial products company's stock worth $206,000 after buying an additional 149 shares in the last quarter. Finally, Greenwood Capital Associates LLC increased its stake in Belden by 5.3% in the first quarter. State Treasurer State of MI now owns 17,100 shares of the industrial products company's stock worth $1,183,000 after buying an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Belden by 10.1% in the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the industrial products company's stock worth $830,000 after buying an additional 300 shares during the period.

Shares of Belden Inc (BDC) traded up 1.33% on Friday, hitting $71.45. The corporation had a trading volume of 383,609 Stocks. The stock's 50 Day SMA price is $74.63 and its 200 SMA price is $72.47. Belden Inc has a one year low of $60.06 and a one year high of $81.33. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 31.07 and a beta of 2.28.

Belden Inc (NYSE:BDC) issued an update on its third quarter earnings guidance on Wednesday morning. The industrial products company reported $1.29 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.21 by $0.08. Belden had a return on equity of 16.31% and a net margin of 5.53%. The company had revenue of $610.63 million for the quarter, compared to analyst estimates of $608.16 million. During the same quarter a year ago, the business posted $1.54 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter previous year. On average, equities analysts expect that Belden will post $5.44 earnings per share for the current year.

Kerry Hyder leaves game with lower leg injury
It was hard to tell what happened to Hyder on the play but some are speculating it could be an Achilles injury. As he was getting on the cart, he didn't look like he could put any weight on his leg.


Guam Governor Says Trump Told Him North Korea Threats Will Increase Tourism
Everyone is talking about Guam because they're afraid it's going to be bombed. "You've become extremely famous". Mr Trump has said he would not allow Pyongyang to develop a nuclear weapon capable of hitting the United States.


Solar Eclipse Safe Viewing Seminar
There are now two official NASA solar eclipse viewing locations in our region on Monday, August 21. The legitimate glasses, which offer no views outside the eclipse, carry their own hazards, however.


Belden declared that its Board of Directors has approved a stock repurchase program on Thursday, May 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase up to 6.8% of its Stocks through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Stock Observer and is owned by of Stock Observer. If you are reading this story on another publication, it was illegally stolen and republished in violation of USA & global trademark and copyright law. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/08/13/hm-capital-management-llc-has-300000-position-in-belden-inc-bdc-updated-updated.html.

Media headlines about Belden (NYSE:BDC) have trended somewhat positive recently, Accern reports. Guggenheim started coverage on shares of Belden in a report on Tuesday, July 11th. They issued a buy rating and a $90.00 target price on the stock. Goldman Sachs Group, (The) assumed coverage on stocks of Belden in a study report published on Fri, Jun 23rd. BidaskClub downgraded shares of Belden from a "hold" rating to a "sell" rating in a report on Tuesday, August 1st. The company presently has an average rating of "Buy" and a consensus target price of $84.56. They issued a neutral rating on the stock. Research Firm Zacks boosted Belden from a "hold" recommendation to a "strong-buy" recommendation and fixed a $86.00 price objective on the company shares in a study report on early Tue, Jul 11th. Finally, ValuEngine lowered shares of Belden from a buy rating to a hold rating in a research report on Thursday, July 20th. Belden now has a average recommendation of "Buy" and an average price objective of $84.56. 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).

Conseillé:

  • Chelsea, Thanks For Nemanja Matic, Wonderful Gesture - Former Manchester United Star

    Chelsea, Thanks For Nemanja Matic, Wonderful Gesture - Former Manchester United Star

    Jack Chesterman wrote that he "couldn't believe Chelsea let Matic come to United" and that he was "bossing it so far". I want to play West Ham - a hard match - then go to Swansea for another hard match.

    Chief of US JCS Due in South Korea

    I mean, his rhetoric might make Kim Jong Un think that he needs to strike first. The general is also scheduled to visit China and Japan.

    First Financial Corp IN Reduces Position in BP plc (BP)

    Scotiabank reaffirmed a buy rating and issued a $37.00 target price on shares of BP p.l.c.in a research note on Friday, June 30th. BidaskClub cut shares of BP p.l.c. from a "sell" rating to a "strong sell" rating in a research report on Tuesday, July 25th.
  • Fireworks light up Moscow sky as Intl Army Games conclude

    Fireworks light up Moscow sky as Intl Army Games conclude

    Download the News Nation Mobile App and stay connected with top stories from India and around the world. India was among 19 countries, including China, which participated in the high profile event.
    Le coup de gueule de Baldé Keita — Lazio

    Le coup de gueule de Baldé Keita — Lazio

    Tottenham de l'élite anglaise, souhaite renfoncer son attaque avant le démarrage de la saison. Tottenham prépare surement son offre pour essayer de le recruter.
    Giants' Evan Engram felt 'comfortable' during his first National Football League  game

    Giants' Evan Engram felt 'comfortable' during his first National Football League game

    The longest run was a 13-yard end-around play by wide receiver Travis Rudolph, who is on the bubble to make the 53-man roster. With his team deep in Pittsburgh territory, Smith underthrew Jerrel Adams and suffered the first of his three sacks.
  • Manchester United v West Ham United - Barclays Premier League begins

    Manchester United v West Ham United - Barclays Premier League begins

    Jose Mourinho has won nine league games against West Ham; more than he has against any other opponent in his managerial career . There were plenty of positives for the United manager. "It's always important", said Mourinho when asked about Lukaku's debut .
    Neymar scores on PSG debut

    Neymar scores on PSG debut

    Neymar celebrated his Paris Saint-Germain debut in style with a goal and an assist for Edinson Cavani in a 3-0 win over Guingamp .
    Trump orders probe of China's intellectual property rules

    Trump orders probe of China's intellectual property rules

    The American companies "should not be forced or coerced to turn over the fruits of their labor", one official said. In April, he said he wouldn't label China a currency manipulator, in return for help in dealing with North Korea.
  • Rod Pampling does a 'Happy Gilmore' at the PGA Championship

    Rod Pampling does a 'Happy Gilmore' at the PGA Championship

    Graham DeLaet gave everyone a show at the US PGA Championship as he went on a remarkable run on the back nine. Quail Hollow, so frightening on Thursday and the early part of Friday, suddenly looked vulnerable.
    Gators suspended for season opener against MI

    Gators suspended for season opener against MI

    Davis had 27 tackles and 1.5 sacks in 2016 and he and the other suspended players are projected backups for the Gators. Those seven players will not be available to face off against the Michigan Wolverines in their season opener.
    Thomas Rhett's Baby Girl Has Arrived!

    Thomas Rhett's Baby Girl Has Arrived!

    Akins also took to social media to talk about her hard labor but claimed the baby is worth it as she can't take her cuteness. Despite having to deal with future boyfriends, it's all worth it, and he wants to give the girls a lot of love!


Populaire

Kenya's Obiri denies Ayana world double
Sifan Hassan of the Netherlands prevented an East African clean sweep by taking the bronze. "I was telling myself to go". Obiri did not run the 10,000 metres last week and her decision to concentrate on the shorter distance paid off.

Central Intelligence Agency chief: Not surprising if North Korea tests missile again
Friday: The US president warns that military solutions are "locked and loaded" should North Korea "act unwisely". Us has sponsored over the Pyongyang nuclear missile weapon programs by Changing the new economic sanction.

Illinois Senate overrides Rauner's veto of school funding bill
Andy Manar, the Bunker Hill Democrat who sponsored Senate Bill 1 , called on Rauner to reach a compromise. Instead, he said the plan would hurt school districts throughout the state.

Nationals Bryce Harper carried off field with apparent knee injury
Giants: INF Orlando Calixte was recalled from Triple-A Sacramento as San Francisco's 26th player. As noted in the chart, the Nats have been average when Harper has missed significant time.

Carrie Underwood Had a Superhero Pajama Party with Her Husband and Son
Fisher now has more free time to fight crimes like staying up too late after announcing his retirement from professional hockey. Underwood has been taking it easy for much of 2017, with no live shows on the books and no new music now on the horizon.

Rich pickings for Pep Guardiola as Manchester City start to cash in
Sergio Aguero was on target as Manchester City denied Brighton any hope of a shock on their Premier League debut. Being at one club for eight, nine years it's a big change for me but I'm enjoying my football.

Joint communique on South China Sea dispute balanced: Philippines
If and when they ever get started, negotiations under the new framework will face a number of thorny issues, including whether the code should be legally binding .

Caster Semenya wins 800m gold
Burundi's Francine Niyonsaba , the Olympic silver medallist, finished second in 1:55.92, with American Ajee Wilson taking bronze (1:56.65).

American quartet seal women's 4x100m title
However, she looked in no discomfort as she surged down the final straight to win in 41.82 seconds. Aaliyah Brown and Morolake Akinosun rounded out the winning team.

Somalia: Former Al-Shabaab Deputy Leader Mukhtar Roobow Surrenders to Somali Government
Robow, who was the deputy director of al-Shabab, is the highest official to have ever quit the group. Aweys also defected to the government because of the purge within al-Shabab.