AlphaQuest LLC Takes Position in Belden Inc $BDC

AlphaQuest LLC acquired a new position in Belden Inc (NYSE:BDC) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 13,789 shares of the industrial products company’s stock, valued at approximately $1,382,000.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Belden by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,043,510 shares of the industrial products company’s stock valued at $105,478,000 after acquiring an additional 7,683 shares in the last quarter. Invesco Ltd. lifted its position in shares of Belden by 37.2% in the 1st quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company’s stock worth $102,706,000 after purchasing an additional 277,782 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Belden by 18.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company’s stock valued at $82,319,000 after purchasing an additional 125,722 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Belden by 0.5% during the fourth quarter. Lord Abbett & CO. LLC now owns 711,784 shares of the industrial products company’s stock valued at $80,154,000 after buying an additional 3,692 shares during the period. Finally, Northern Trust Corp raised its stake in Belden by 10.2% in the fourth quarter. Northern Trust Corp now owns 633,204 shares of the industrial products company’s stock worth $71,305,000 after buying an additional 58,508 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Belden

In related news, SVP Brian Edward Anderson sold 7,158 shares of the business’s stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $130.51, for a total value of $934,190.58. Following the completion of the transaction, the senior vice president directly owned 39,574 shares in the company, valued at $5,164,802.74. The trade was a 15.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.48% of the stock is currently owned by company insiders.

Belden Trading Up 5.7%

Shares of Belden stock opened at $131.2890 on Friday. The stock has a market cap of $5.20 billion, a PE ratio of 23.78 and a beta of 1.28. The firm has a fifty day moving average price of $121.26 and a 200 day moving average price of $110.63. Belden Inc has a 1 year low of $83.18 and a 1 year high of $132.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. Belden had a return on equity of 23.29% and a net margin of 8.60%.The business had revenue of $671.99 million during the quarter, compared to analyst estimates of $654.82 million. During the same quarter last year, the business posted $1.51 EPS. The company’s revenue was up 11.2% on a year-over-year basis. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities research analysts predict that Belden Inc will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s payout ratio is 3.62%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BDC. Benchmark raised their price objective on Belden from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, August 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Belden in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $136.50.

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.