Belden Inc. (BDC) Stock Faces Higher Risks Forward After Forming Wedge Down Chart Pattern

July 13, 2018 - By Elizabeth Jones

Belden Inc. (NYSE:BDC) Logo

Investors sentiment decreased to 1.01 in 2018 Q1. Its down 0.13, from 1.14 in 2017Q4. It is negative, as 29 investors sold Belden Inc. shares while 72 reduced holdings. 27 funds opened positions while 75 raised stakes. 44.62 million shares or 3.56% more from 43.09 million shares in 2017Q4 were reported.
Systematic Fincl Ltd Partnership has 0.19% invested in Belden Inc. (NYSE:BDC) for 127,620 shares. Aristotle Boston Limited Liability reported 418,556 shares or 1.36% of all its holdings. Alliancebernstein Limited Partnership has invested 0% in Belden Inc. (NYSE:BDC). Parkside Bancshares And Tru, Missouri-based fund reported 595 shares. Millennium Management Ltd Liability Corp reported 19,956 shares. The Pennsylvania-based Pnc Finance Services has invested 0% in Belden Inc. (NYSE:BDC). Moreover, Whittier Trust has 0% invested in Belden Inc. (NYSE:BDC) for 2,045 shares. Natixis Advisors Ltd Partnership owns 46,701 shares for 0.03% of their portfolio. The Massachusetts-based Fmr Limited Liability Corporation has invested 0.01% in Belden Inc. (NYSE:BDC). 117,126 are held by Rothschild Asset Management Incorporated. Koch accumulated 6,677 shares. Us Commercial Bank De holds 1,436 shares or 0% of its portfolio. Gamco Invsts Et Al reported 13,800 shares. Brighton Jones Ltd Llc has 0.04% invested in Belden Inc. (NYSE:BDC) for 4,207 shares. Great West Life Assurance Co Can accumulated 23,574 shares or 0% of the stock.

Since February 27, 2018, it had 1 insider purchase, and 2 sales for $9,146 activity. The insider CRESSEY BRYAN C bought $108,612.

The stock of Belden Inc. (BDC) formed a down wedge with $61.18 target or 7.00 % below today’s $65.79 share price. The 6 months wedge indicates high risk for the $2.67 billion company. If the $61.18 price target is reached, the company will be worth $187.18 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.36% or $0.235 during the last trading session, reaching $65.785. About 96,060 shares traded. Belden Inc. (NYSE:BDC) has declined 20.54% since July 13, 2017 and is downtrending. It has underperformed by 33.11% the S&P500.

Analysts await Belden Inc. (NYSE:BDC) to report earnings on August, 1. They expect $1.44 earnings per share, up 11.63 % or $0.15 from last year’s $1.29 per share. BDC’s profit will be $58.53 million for 11.42 P/E if the $1.44 EPS becomes a reality. After $1.16 actual earnings per share reported by Belden Inc. for the previous quarter, Wall Street now forecasts 24.14 % EPS growth.

Belden Inc. (NYSE:BDC) Ratings Coverage

Among 2 analysts covering Belden Inc (NYSE:BDC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Belden Inc had 3 analyst reports since February 1, 2018 according to SRatingsIntel. On Monday, March 26 the stock rating was upgraded by SunTrust to “Buy”. SunTrust maintained the stock with “Hold” rating in Thursday, February 1 report. The rating was maintained by Stifel Nicolaus on Thursday, March 29 with “Buy”.

Another recent and important Belden Inc. (NYSE:BDC) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows Carpenter Technology, Fiserv, WR Grace, Hannon Armstrong Sustainable Infrastructure …” on June 20, 2018.

Belden Inc. designs, manufactures, and markets signal transmission solutions worldwide. The company has market cap of $2.67 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 79.45 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.

Belden Inc. (NYSE:BDC) Institutional Positions Chart

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