Belden Inc. (NYSE:BDC) Position Raised by Moody National Bank Trust Division

Moody National Bank Trust Division increased its position in shares of Belden Inc. (NYSE:BDC) by 14.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,521 shares of the industrial products company’s stock after purchasing an additional 1,941 shares during the period. Moody National Bank Trust Division’s holdings in Belden were worth $1,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BDC. Parkside Financial Bank & Trust increased its holdings in shares of Belden by 15.1% in the third 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 in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Belden by 41.7% in the fourth quarter. Quadrant Capital Group LLC now owns 829 shares of the industrial products company’s stock valued at $64,000 after buying an additional 244 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Belden by 31.9% in the fourth quarter. Blue Trust Inc. now owns 1,079 shares of the industrial products company’s stock valued at $83,000 after buying an additional 261 shares in the last quarter. Russell Investments Group Ltd. increased 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 valued at $548,000 after buying an additional 435 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in shares of Belden by 20.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 2,692 shares of the industrial products company’s stock valued at $207,000 after buying an additional 458 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on BDC shares. Loop Capital boosted their target price on shares of Belden from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Truist Financial reissued a “buy” rating and set a $119.00 target price (up from $101.00) on shares of Belden in a research note on Friday, June 14th. StockNews.com raised shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Benchmark reissued a “buy” rating and set a $100.00 target price on shares of Belden in a research note on Monday, May 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.00.

Belden Trading Down 0.3 %

Belden stock opened at $96.03 on Thursday. The stock has a market cap of $3.91 billion, a P/E ratio of 18.79 and a beta of 1.09. Belden Inc. has a 12 month low of $60.54 and a 12 month high of $99.13. The company’s fifty day simple moving average is $91.04 and its 200-day simple moving average is $84.30. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 1.02.

Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping 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%. Belden’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, sell-side analysts forecast that Belden Inc. will post 5.77 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Thursday, June 13th. Belden’s dividend payout ratio is presently 3.91%.

Insider Buying and Selling

In related news, Director Jonathan C. Klein sold 1,093 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $95.50, for a total value of $104,381.50. Following the completion of the sale, the director now directly owns 13,704 shares in the company, valued at $1,308,732. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Belden news, Director Jonathan C. Klein sold 1,093 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $95.50, for a total transaction of $104,381.50. Following the completion of the transaction, the director now owns 13,704 shares of the company’s stock, valued at approximately $1,308,732. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan C. Klein sold 1,607 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $97.29, for a total transaction of $156,345.03. Following the transaction, the director now directly owns 12,097 shares of the company’s stock, valued at approximately $1,176,917.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,400 shares of company stock worth $911,900. Corporate insiders own 1.59% of the company’s stock.

Belden Company 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.