William Blair Investment Management LLC bought a new position in Belden Inc (NYSE:BDC – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 178,144 shares of the industrial products company’s stock, valued at approximately $21,361,000. William Blair Investment Management LLC owned 0.46% of Belden at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Belden by 12,950.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 259 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Belden in the 2nd quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its position in Belden by 134.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 165 shares during the last quarter. Fairscale Capital LLC bought a new stake in Belden in the 4th quarter valued at about $51,000. Finally, Smartleaf Asset Management LLC boosted its stake in Belden by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 106 shares during the period. 98.75% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on BDC. Zacks Research upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Wall Street Zen raised Belden from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. DA Davidson boosted their price objective on Belden from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings lowered Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $160.00.
Belden Trading Down 1.3%
Shares of NYSE:BDC opened at $122.33 on Friday. The company has a 50 day moving average of $117.36 and a 200-day moving average of $120.74. The firm has a market cap of $4.78 billion, a P/E ratio of 19.89 and a beta of 1.13. Belden Inc has a twelve month low of $98.00 and a twelve month high of $159.99. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89.
Belden (NYSE:BDC – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The business had revenue of $750.16 million for the quarter, compared to analyst estimates of $746.75 million. During the same quarter last year, the business earned $1.89 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, analysts anticipate that Belden Inc will post 8.69 earnings per share for the current fiscal year.
Belden Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s dividend payout ratio (DPR) is 3.25%.
Belden Profile
Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.
Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.
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