NBC Securities Inc. Has $1.02 Million Stock Holdings in Belden Inc. (NYSE:BDC)

NBC Securities Inc. boosted its holdings in Belden Inc. (NYSE:BDC - Free Report) by 101,230.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,133 shares of the industrial products company's stock after acquiring an additional 10,123 shares during the quarter. NBC Securities Inc.'s holdings in Belden were worth $1,015,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BDC. Norges Bank bought a new stake in Belden during the fourth quarter worth about $54,167,000. FMR LLC grew its stake in Belden by 5.0% during the fourth quarter. FMR LLC now owns 4,710,224 shares of the industrial products company's stock worth $530,418,000 after buying an additional 223,887 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in Belden during the fourth quarter worth about $2,511,000. Bank of America Corp DE grew its stake in Belden by 234.7% during the fourth quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock worth $25,266,000 after buying an additional 157,335 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Belden by 380.3% during the fourth quarter. Janus Henderson Group PLC now owns 166,354 shares of the industrial products company's stock worth $18,726,000 after buying an additional 131,719 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Insider Activity at Belden

In related news, SVP Leah Tate sold 231 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $113.64, for a total value of $26,250.84. Following the transaction, the senior vice president now directly owns 30,170 shares in the company, valued at $3,428,518.80. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wall Street Zen cut shares of Belden from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group decreased their price objective on shares of Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Loop Capital decreased their price objective on shares of Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Benchmark reissued a "buy" rating and set a $120.00 price target on shares of Belden in a research note on Monday, May 5th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Belden presently has an average rating of "Buy" and an average target price of $126.20.

Belden Price Performance

Shares of BDC traded up $0.25 during mid-day trading on Friday, hitting $110.71. 147,430 shares of the company traded hands, compared to its average volume of 275,092. Belden Inc. has a one year low of $83.18 and a one year high of $131.82. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average of $102.45 and a 200 day moving average of $109.78. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 23.02 and a beta of 1.23.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.48 by $0.12. Belden had a net margin of 8.06% and a return on equity of 21.42%. The business had revenue of $624.86 million for the quarter, compared to analysts' expectations of $615.81 million. During the same period in the prior year, the firm earned $1.24 earnings per share. Belden's revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts expect that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 12th will be issued a $0.05 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.20 annualized dividend and a yield of 0.18%. Belden's dividend payout ratio is currently 3.86%.

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.