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

Victory Capital Management Inc. reduced its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 26.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 387,052 shares of the industrial products company's stock after selling 138,786 shares during the quarter. Victory Capital Management Inc. owned approximately 0.96% of Belden worth $43,586,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BDC. Parkside Financial Bank & Trust boosted its position in Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock worth $94,000 after purchasing an additional 199 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Belden in the 4th quarter worth $2,841,000. Oppenheimer Asset Management Inc. grew its position in Belden by 1.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 17,706 shares of the industrial products company's stock valued at $1,994,000 after acquiring an additional 212 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Belden by 49.9% in the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 211 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in Belden in the fourth quarter valued at approximately $227,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BDC has been the topic of a number of recent analyst reports. Loop Capital dropped their price objective on Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Benchmark reiterated a "buy" rating and set a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Finally, StockNews.com upgraded Belden from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Four equities 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, Belden currently has an average rating of "Buy" and an average price target of $130.25.

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Belden Stock Down 3.2 %

Shares of NYSE:BDC traded down $3.30 on Monday, reaching $101.17. The company had a trading volume of 160,413 shares, compared to its average volume of 267,557. Belden Inc. has a twelve month low of $80.90 and a twelve month high of $131.82. The stock has a 50-day moving average price of $113.84 and a 200 day moving average price of $115.05. The stock has a market capitalization of $4.07 billion, a P/E ratio of 21.03 and a beta of 1.02. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. On average, equities analysts expect that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.20%. Belden's dividend payout ratio (DPR) is presently 4.16%.

Insider Buying and Selling

In related 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ashish Chand sold 14,535 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the sale, the chief executive officer now owns 107,129 shares of the company's stock, valued at $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,428 shares of company stock worth $2,589,774 in the last three months. Insiders own 1.59% of the company's stock.

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.