SG Americas Securities LLC Increases Stake in Belden Inc. (NYSE:BDC)

SG Americas Securities LLC raised its holdings in shares of Belden Inc. (NYSE:BDC - Free Report) by 22.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,787 shares of the industrial products company's stock after purchasing an additional 7,769 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of Belden worth $4,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BDC. Aster Capital Management DIFC Ltd purchased a new stake in shares of Belden in the fourth quarter worth about $26,000. Quarry LP grew its position in Belden by 208.7% during the fourth quarter. Quarry LP now owns 392 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 265 shares during the last quarter. GAMMA Investing LLC grew its position in Belden by 34.7% during the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 115 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Belden during the fourth quarter valued at approximately $61,000. Finally, First Horizon Advisors Inc. grew its position in Belden by 49.9% during the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock valued at $71,000 after acquiring an additional 211 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Performance

NYSE BDC traded down $3.38 during trading hours on Friday, hitting $107.39. The company's stock had a trading volume of 253,930 shares, compared to its average volume of 274,433. The company's 50 day simple moving average is $104.25 and its two-hundred day simple moving average is $109.29. The company has a market cap of $4.24 billion, a P/E ratio of 22.33 and a beta of 1.23. Belden Inc. has a 12 month low of $83.18 and a 12 month high of $131.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37.

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

Belden Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.19%. Belden's dividend payout ratio is presently 3.86%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BDC shares. The Goldman Sachs Group cut their price target on shares of Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wall Street Zen cut shares of Belden from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Benchmark reiterated a "buy" rating and issued a $120.00 price target on shares of Belden in a report on Monday, May 5th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $126.20.

About Belden

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.