Victory Capital Management Inc. Has $43.59 Million Stock Position in Belden Inc. (NYSE:BDC)

Victory Capital Management Inc. reduced its stake in shares of Belden Inc. (NYSE:BDC) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,052 shares of the industrial products company’s stock after selling 138,786 shares during the quarter. Victory Capital Management Inc.’s holdings in Belden were worth $43,586,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Prospera Private Wealth LLC acquired a new position in shares of Belden during the third quarter valued at about $33,000. First Horizon Advisors Inc. increased its stake in Belden by 97.7% during the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 209 shares during the period. Parkside Financial Bank & Trust raised its holdings in Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 199 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Belden by 9.6% in the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 105 shares during the period. Finally, KBC Group NV grew its holdings in shares of Belden by 27.8% during the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 274 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Belden

In other Belden news, Director Gregory James Mccray sold 4,200 shares of Belden stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the transaction, the director now owns 4,199 shares in the company, valued at approximately $441,776.79. The trade was a 50.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Leah Tate sold 2,400 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. The trade was a 9.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,428 shares of company stock valued at $2,589,774 in the last three months. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BDC. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Belden in a report on Monday, February 10th. Finally, Loop Capital lowered their target price on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $130.25.

Belden Stock Performance

Shares of NYSE:BDC opened at $104.46 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. The business’s fifty day moving average price is $113.84 and its two-hundred day moving average price is $114.98. Belden Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $131.82. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 21.72 and a beta of 1.02.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. As a group, analysts predict that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Thursday, March 13th. Belden’s dividend payout ratio (DPR) is currently 4.16%.

Belden 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.