NBC Securities Inc. Has $695,000 Stock Holdings in Belden Inc. (NYSE:BDC)

NBC Securities Inc. grew its holdings in Belden Inc. (NYSE:BDC) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,506 shares of the industrial products company’s stock after buying an additional 308 shares during the quarter. NBC Securities Inc.’s holdings in Belden were worth $695,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in shares of Belden by 15.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 209 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Belden by 41.7% during the 4th quarter. Quadrant Capital Group LLC now owns 829 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 244 shares during the last quarter. Blue Trust Inc. grew its holdings in Belden by 31.9% during the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 261 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Belden by 6.5% during the 4th quarter. Russell Investments Group Ltd. now owns 7,096 shares of the industrial products company’s stock worth $548,000 after acquiring an additional 435 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in Belden by 20.5% during the 4th quarter. Thoroughbred Financial Services LLC now owns 2,692 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 458 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Belden Stock Down 0.3 %

Shares of NYSE:BDC opened at $96.03 on Thursday. Belden Inc. has a one year low of $60.54 and a one year high of $99.13. The company has a 50 day moving average of $91.04 and a 200-day moving average of $84.30. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.55 and a quick ratio of 1.83. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 18.79 and a beta of 1.09.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.19. Belden had a net margin of 9.01% and a return on equity of 23.11%. The business had revenue of $536.00 million for the quarter, compared to analyst estimates of $514.27 million. During the same quarter last year, the firm earned $1.68 EPS. Belden’s quarterly revenue was down 16.5% compared to the same quarter last year. On average, sell-side analysts forecast that Belden Inc. will post 5.77 earnings per share for the current year.

Belden Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Loop Capital increased their price objective on shares of Belden from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Truist Financial reissued a “buy” rating and set a $119.00 price objective (up previously from $101.00) on shares of Belden in a report on Friday, June 14th. StockNews.com upgraded shares of Belden from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Belden in a research report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Insider Buying and Selling

In other Belden news, Director Jonathan C. Klein sold 1,093 shares of Belden stock in a transaction that occurred 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 transaction, the director now owns 13,704 shares of the company’s stock, valued at $1,308,732. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Belden news, Director Jonathan C. Klein sold 1,093 shares of Belden stock in a transaction that occurred 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 transaction, the director now owns 13,704 shares of the company’s stock, valued at $1,308,732. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan C. Klein sold 1,607 shares of Belden stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $97.29, for a total transaction of $156,345.03. Following the completion of the transaction, the director now directly owns 12,097 shares in the company, valued at approximately $1,176,917.13. The disclosure for this sale can be found here. Insiders have sold 9,400 shares of company stock valued at $911,900 in the last 90 days. 1.59% of the stock is owned by insiders.

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.