American Century Companies Inc. grew its position in shares of Belden Inc. (NYSE:BDC) by 36.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 264,755 shares of the industrial products company’s stock after purchasing an additional 70,811 shares during the period. American Century Companies Inc.’s holdings in Belden were worth $20,431,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Belden by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 718 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Belden by 550.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 2,229 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Belden during the 3rd quarter worth $224,000. Palouse Capital Management Inc. bought a new stake in shares of Belden during the 3rd quarter worth $225,000. Finally, Shelton Capital Management bought a new stake in shares of Belden during the 2nd quarter worth $242,000.
Several research firms have recently weighed in on BDC. Zacks Investment Research lowered Belden from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Cross Research raised Belden from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. ValuEngine lowered Belden from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Guggenheim reissued a “buy” rating and set a $90.00 price objective on shares of Belden in a research note on Wednesday, December 6th. Finally, Stifel Nicolaus raised their price objective on Belden from $90.00 to $97.00 and gave the stock an “in-line” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $91.43.
Belden (NYSE:BDC) last issued its earnings results on Thursday, February 1st. The industrial products company reported $1.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.15). The business had revenue of $604.88 million during the quarter, compared to analyst estimates of $648.92 million. Belden had a return on equity of 18.20% and a net margin of 3.90%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $1.42 EPS. research analysts anticipate that Belden Inc. will post 6.09 earnings per share for the current year.
Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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