Belden Inc. (NYSE:BDC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in Belden Inc. (NYSE:BDC) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,432 shares of the industrial products company’s stock after selling 30,468 shares during the period. New York State Common Retirement Fund owned approximately 0.39% of Belden worth $17,728,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in shares of Belden in the third quarter worth $33,000. First Horizon Advisors Inc. increased its position in shares of Belden by 97.7% in the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 209 shares in the last quarter. Principal Securities Inc. increased its position in shares of Belden by 9.6% in the fourth 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 in the last quarter. KBC Group NV grew its holdings in Belden by 27.8% during the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 274 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Belden by 72.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 599 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Trading Down 1.9 %

NYSE BDC opened at $111.41 on Friday. Belden Inc. has a 12 month low of $80.73 and a 12 month high of $131.82. 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 company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 23.16 and a beta of 1.08. The company’s fifty day moving average price is $115.53 and its two-hundred day moving average price is $114.36.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts predict that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Belden

In other news, SVP Leah Tate sold 2,400 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the transaction, the senior vice president now directly owns 23,243 shares in the company, valued at approximately $2,667,599.11. This trade represents a 9.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BDC shares. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Belden in a report on Monday, February 10th. Loop Capital lowered their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Truist Financial raised their price target on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Belden currently has an average rating of “Buy” and a consensus target price of $130.25.

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.