Vident Advisory LLC Buys New Holdings in Belden Inc $BDC

Key Points

• Vident Advisory LLC purchased 3,650 shares of Belden Inc, valued at approximately $366,000, marking a significant investment by an institutional investor in the company.
• Belden announced a $0.05 quarterly dividend to be paid on October 7th, reflecting a modest annual yield of 0.2% and a payout ratio of 3.62%.
• Wall Street analysts have maintained a positive outlook on Belden, with multiple buy ratings and a consensus target price increase from $130.00 to $145.00.

Vident Advisory LLC bought a new stake in Belden Inc (NYSE:BDC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,650 shares of the industrial products company's stock, valued at approximately $366,000.

Other hedge funds also recently made changes to their positions in the company. Xponance Inc. grew its stake in Belden by 1.7% during the first quarter. Xponance Inc. now owns 5,839 shares of the industrial products company's stock worth $585,000 after purchasing an additional 99 shares during the period. Louisiana State Employees Retirement System grew its stake in Belden by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company's stock valued at $1,133,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC grew its stake in Belden by 34.7% in the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 115 shares during the period. State of Alaska Department of Revenue grew its stake in Belden by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 34,717 shares of the industrial products company's stock valued at $3,479,000 after acquiring an additional 115 shares during the period. Finally, Covestor Ltd grew its stake in Belden by 23.5% in the first quarter. Covestor Ltd now owns 636 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 121 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Brian Edward Anderson sold 7,158 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $130.51, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.48% of the stock is currently owned by insiders.

Belden Stock Performance

Shares of BDC traded down $1.73 during mid-day trading on Friday, hitting $131.76. The stock had a trading volume of 111,682 shares, compared to its average volume of 282,928. The firm has a market cap of $5.22 billion, a P/E ratio of 23.86 and a beta of 1.30. The business has a fifty day moving average price of $125.79 and a 200-day moving average price of $112.20. 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 Inc has a 52 week low of $83.18 and a 52 week high of $133.74.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) 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 company had revenue of $671.99 million for the quarter, compared to analyst estimates of $654.82 million. During the same period in the previous year, the company posted $1.51 EPS. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. On average, equities research analysts expect that Belden Inc will post 7.07 EPS for the current year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 11th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, September 11th. Belden's payout ratio is presently 3.62%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BDC shares. The Goldman Sachs Group reissued a "buy" rating on shares of Belden in a research note on Friday, July 11th. Benchmark lifted their target price on Belden from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen cut Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $136.50.

Belden Company 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.