Belden Inc. (NYSE:BDC) Stock Holdings Lowered by LSV Asset Management

LSV Asset Management decreased its holdings in Belden Inc. (NYSE:BDC) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,600 shares of the industrial products company’s stock after selling 6,100 shares during the quarter. LSV Asset Management’s holdings in Belden were worth $5,995,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BDC. Natixis Advisors L.P. grew its holdings in shares of Belden by 14.0% in the 4th quarter. Natixis Advisors L.P. now owns 30,884 shares of the industrial products company’s stock worth $2,385,000 after acquiring an additional 3,786 shares during the last quarter. Howe & Rusling Inc. lifted its stake in Belden by 19.9% during the fourth quarter. Howe & Rusling Inc. now owns 4,078 shares of the industrial products company’s stock valued at $315,000 after buying an additional 676 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Belden by 6.5% in the fourth quarter. Russell Investments Group Ltd. now owns 7,096 shares of the industrial products company’s stock worth $548,000 after buying an additional 435 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Belden by 41.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 37,671 shares of the industrial products company’s stock worth $2,910,000 after acquiring an additional 10,975 shares in the last quarter. Finally, South Dakota Investment Council raised its holdings in shares of Belden by 20.5% during the fourth quarter. South Dakota Investment Council now owns 64,634 shares of the industrial products company’s stock valued at $4,993,000 after acquiring an additional 11,000 shares during the period. Institutional investors own 98.75% of the company’s stock.

Belden Stock Up 1.2 %

BDC opened at $91.50 on Thursday. The company has a market capitalization of $3.72 billion, a PE ratio of 17.91 and a beta of 1.07. The business has a 50-day moving average of $87.44 and a 200-day moving average of $78.58. Belden Inc. has a fifty-two week low of $60.54 and a fifty-two week high of $99.13. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.55 and a quick ratio of 1.83.

Belden (NYSE:BDC) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.19. The firm had revenue of $536.00 million during the quarter, compared to analysts’ expectations of $514.27 million. Belden had a net margin of 9.01% and a return on equity of 23.11%. The company’s revenue was down 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. Equities research analysts forecast that Belden Inc. will post 5.77 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. Belden’s dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of Belden from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of Belden in a research note on Monday. Finally, StockNews.com raised Belden from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.40.

Insider Activity

In other Belden news, EVP Brian Lieser sold 2,056 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.30, for a total transaction of $169,208.80. Following the completion of the sale, the executive vice president now owns 21,772 shares of the company’s stock, valued at $1,791,835.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.59% of the stock is currently owned by insiders.

Belden Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.