Alliancebernstein L.P. Has $56.73 Million Stock Holdings in Belden Inc $BDC

Alliancebernstein L.P. reduced its stake in shares of Belden Inc (NYSE:BDC - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 565,883 shares of the industrial products company's stock after selling 217,778 shares during the period. Alliancebernstein L.P. owned 1.43% of Belden worth $56,730,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BDC. BNP Paribas Financial Markets raised its position in Belden by 55.4% during the 4th quarter. BNP Paribas Financial Markets now owns 23,646 shares of the industrial products company's stock worth $2,663,000 after purchasing an additional 8,429 shares during the last quarter. Bank of America Corp DE raised its position in Belden by 234.7% during the 4th quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock worth $25,266,000 after purchasing an additional 157,335 shares during the last quarter. Baird Financial Group Inc. raised its position in Belden by 4.9% during the 4th quarter. Baird Financial Group Inc. now owns 2,802 shares of the industrial products company's stock worth $316,000 after purchasing an additional 130 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Belden during the 4th quarter worth $239,000. Finally, Cetera Investment Advisers raised its position in Belden by 22.2% during the 4th quarter. Cetera Investment Advisers now owns 3,636 shares of the industrial products company's stock worth $409,000 after purchasing an additional 661 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Belden Trading Up 2.7%

Shares of BDC stock traded up $3.50 during mid-day trading on Thursday, hitting $133.38. The company's stock had a trading volume of 119,675 shares, compared to its average volume of 283,312. The company's fifty day simple moving average is $125.55 and its 200-day simple moving average is $112.05. Belden Inc has a 52 week low of $83.18 and a 52 week high of $133.55. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. The company has a market cap of $5.28 billion, a PE ratio of 24.17 and a beta of 1.30.

Belden (NYSE:BDC - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $671.99 million during the quarter, compared to the consensus estimate of $654.82 million. Belden had a return on equity of 23.29% and a net margin of 8.60%.The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. As a group, equities research analysts expect that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. Belden's dividend payout ratio (DPR) is currently 3.62%.

Analysts Set New Price Targets

BDC has been the subject of several research analyst reports. Benchmark lifted their price objective on Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Belden in a research report on Friday, July 11th. Finally, Wall Street Zen lowered Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Belden has a consensus rating of "Buy" and an average target price of $136.50.

Insider Activity at Belden

In other news, SVP Brian Edward Anderson sold 7,158 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $130.51, for a total value of $934,190.58. Following the completion of the sale, the senior vice president directly owned 39,574 shares in the company, valued at $5,164,802.74. This trade represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.48% of the stock is currently owned by corporate insiders.

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.