Belden Inc $BDC Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its position in Belden Inc (NYSE:BDC - Free Report) by 27.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 565,883 shares of the industrial products company's stock after selling 217,778 shares during the quarter. Alliancebernstein L.P. owned 1.43% of Belden worth $56,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Xponance Inc. grew its position in Belden by 1.7% in the 1st quarter. Xponance Inc. now owns 5,839 shares of the industrial products company's stock valued at $585,000 after acquiring an additional 99 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of 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 purchasing an additional 100 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of 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 purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 115 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of 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 purchasing an additional 121 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Stock Down 1.7%

Shares of NYSE:BDC traded down $2.22 on Friday, hitting $131.27. 79,009 shares of the company's stock were exchanged, compared to its average volume of 282,759. The firm's 50-day moving average is $125.79 and its 200 day moving average is $112.20. The company has a market capitalization of $5.20 billion, a PE ratio of 23.78 and a beta of 1.30. Belden Inc has a 1-year low of $83.18 and a 1-year high of $133.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99.

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, topping the consensus estimate of $1.72 by $0.17. The business had revenue of $671.99 million during the quarter, compared to analysts' expectations of $654.82 million. Belden had a return on equity of 23.29% and a net margin of 8.60%.The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Sell-side analysts predict that Belden Inc will post 7.07 EPS for the current year.

Belden Dividend Announcement

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

Insider Activity

In other news, SVP Brian Edward Anderson sold 7,158 shares of the company'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 owned 39,574 shares in the company, valued at approximately $5,164,802.74. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.48% of the company's stock.

Analyst Upgrades and Downgrades

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

About Belden

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.