Belden Inc. (NYSE:BDC) Holdings Lifted by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC boosted its stake in Belden Inc. (NYSE:BDC - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,600 shares of the industrial products company's stock after buying an additional 27,600 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.45% of Belden worth $14,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC increased its stake in shares of Belden by 2.3% during the 4th quarter. Atlas Capital Advisors LLC now owns 5,346 shares of the industrial products company's stock worth $384,000 after purchasing an additional 121 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Belden by 3.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,301 shares of the industrial products company's stock worth $415,000 after purchasing an additional 158 shares during the last quarter. Arizona State Retirement System grew its stake in Belden by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 12,115 shares of the industrial products company's stock valued at $1,170,000 after buying an additional 169 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Belden by 15.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company's stock valued at $153,000 after buying an additional 209 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its stake in Belden by 88.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 515 shares of the industrial products company's stock valued at $29,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Belden Stock Performance

BDC traded up $0.34 during trading on Monday, hitting $89.31. The stock had a trading volume of 170,657 shares, compared to its average volume of 285,196. The company has a 50 day moving average price of $85.47 and a 200-day moving average price of $79.07. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 15.78 and a beta of 1.04. Belden Inc. has a one year low of $60.54 and a one year high of $99.13. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.30 and a quick ratio of 1.72.

Belden (NYSE:BDC - Get Free Report) last released its earnings results on Thursday, February 8th. The industrial products company reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.34. Belden had a return on equity of 25.11% and a net margin of 9.66%. The firm had revenue of $551.24 million during the quarter, compared to the consensus estimate of $522.06 million. During the same period in the prior year, the company posted $1.75 EPS. The company's revenue was down 16.4% compared to the same quarter last year. As a group, research analysts predict that Belden Inc. will post 5.33 EPS for the current year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. Belden's payout ratio is 3.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial raised their price target on shares of Belden from $89.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. StockNews.com raised shares of Belden from a "hold" rating to a "buy" rating in a research note on Wednesday, December 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Belden presently has an average rating of "Moderate Buy" and an average price target of $102.25.

Insider Activity at Belden

In related news, EVP Brian Lieser sold 2,056 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.30, for a total transaction of $169,208.80. Following the sale, the executive vice president now owns 21,772 shares in the company, valued at approximately $1,791,835.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by corporate insiders.

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.