119,050 Shares in Belden Inc $BDC Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors bought 119,050 Belden shares worth approximately $14.3 million, representing about 0.30% of the company. Institutional investors collectively own 98.75% of Belden.
• Belden exceeded quarterly expectations, reporting $2.34 in earnings per share versus the $2.02 consensus estimate and $750.16 million in revenue, up 11.6% year over year.
• Analysts maintain a consensus “Buy” rating with an average price target of $160, while Belden declared a quarterly dividend of $0.05 per share.

Ceredex Value Advisors LLC bought a new stake in Belden Inc (NYSE:BDC - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 119,050 shares of the industrial products company's stock, valued at approximately $14,275,000. Ceredex Value Advisors LLC owned about 0.30% of Belden as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BDC. Madison Asset Management LLC acquired a new position in Belden in the 2nd quarter valued at about $1,839,000. Great Lakes Advisors LLC acquired a new position in shares of Belden in the second quarter valued at approximately $4,230,000. Investmark Advisory Group LLC purchased a new stake in shares of Belden during the second quarter worth approximately $639,000. Foster & Motley Inc. purchased a new stake in shares of Belden during the second quarter worth approximately $4,644,000. Finally, BlackRock Inc. acquired a new stake in shares of Belden during the second quarter worth $616,536,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Belden Price Performance

Shares of NYSE:BDC opened at $124.25 on Friday. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. The business's 50 day simple moving average is $117.22 and its 200-day simple moving average is $120.73. Belden Inc has a 12 month low of $98.00 and a 12 month high of $159.99.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.32. The firm had revenue of $750.16 million during the quarter, compared to the consensus estimate of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.Belden's quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, equities analysts forecast that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Dividend Announcement

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 $0.05 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden's dividend payout ratio (DPR) is currently 3.25%.

Wall Street Analysts Forecast Growth

BDC has been the topic of several recent research reports. Zacks Research raised shares of Belden from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. Fox Advisors upgraded shares of Belden from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, July 29th. Citigroup began coverage on shares of Belden in a research note on Friday, June 26th. They set a "buy" rating and a $150.00 price target on the stock. Finally, Truist Financial restated a "buy" rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Belden currently has a consensus rating of "Buy" and an average price target of $160.00.

About Belden

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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