Nomura Holdings Inc. Buys New Shares in Belden Inc. (NYSE:BDC)

Nomura Holdings Inc. bought a new position in Belden Inc. (NYSE:BDC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 5,301 shares of the industrial products company’s stock, valued at approximately $410,000.

Several other hedge funds have also added to or reduced their stakes in BDC. Vanguard Group Inc. boosted its stake in shares of Belden by 2.0% during the third quarter. Vanguard Group Inc. now owns 4,714,202 shares of the industrial products company’s stock valued at $455,156,000 after purchasing an additional 92,544 shares during the period. FMR LLC grew its holdings in Belden by 1,365.5% in the 3rd quarter. FMR LLC now owns 1,026,156 shares of the industrial products company’s stock worth $99,075,000 after acquiring an additional 956,136 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Belden by 17.9% in the fourth quarter. Wellington Management Group LLP now owns 985,282 shares of the industrial products company’s stock valued at $76,113,000 after acquiring an additional 149,263 shares during the period. Channing Capital Management LLC raised its stake in shares of Belden by 29.4% during the fourth quarter. Channing Capital Management LLC now owns 919,066 shares of the industrial products company’s stock valued at $70,998,000 after acquiring an additional 209,052 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in shares of Belden by 32.5% during the fourth quarter. Pzena Investment Management LLC now owns 914,924 shares of the industrial products company’s stock worth $70,678,000 after purchasing an additional 224,486 shares during the period. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BDC. Loop Capital upped their price target on Belden from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Benchmark reiterated a “buy” rating and issued a $100.00 price target on shares of Belden in a report on Monday, May 6th. Truist Financial restated a “buy” rating and issued a $119.00 price objective (up from $101.00) on shares of Belden in a report on Friday, June 14th. Finally, StockNews.com raised shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Belden presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Insider Activity

In related news, Director David J. Aldrich sold 6,700 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $97.19, for a total transaction of $651,173.00. Following the sale, the director now directly owns 53,396 shares of the company’s stock, valued at approximately $5,189,557.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Belden news, Director David J. Aldrich sold 6,700 shares of Belden stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $97.19, for a total value of $651,173.00. Following the completion of the transaction, the director now directly owns 53,396 shares of the company’s stock, valued at $5,189,557.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan C. Klein sold 1,093 shares of the stock in a transaction that occurred 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 sale, the director now owns 13,704 shares in the company, valued at approximately $1,308,732. The disclosure for this sale can be found here. Insiders sold 9,400 shares of company stock worth $911,900 over the last three months. 1.59% of the stock is currently owned by corporate insiders.

Belden Stock Up 1.2 %

NYSE:BDC opened at $95.15 on Friday. 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 firm’s 50-day moving average price is $91.36 and its 200-day moving average price is $84.66. The company has a market capitalization of $3.87 billion, a PE ratio of 18.62 and a beta of 1.09. Belden Inc. has a 1-year low of $60.54 and a 1-year high of $99.13.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $514.27 million. During the same quarter in the prior year, the company earned $1.68 earnings per share. The business’s revenue was down 16.5% compared to the same quarter last year. On average, equities analysts predict that Belden Inc. will post 5.77 EPS for the current fiscal year.

Belden Announces Dividend

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

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.