Bank of America Corp DE Increases Stock Position in Belden Inc $BDC

Key Points

• Bank of America increased its Belden stake by 9.4% in the first quarter, holding 238,651 shares worth approximately $27.4 million. Institutional investors collectively own 98.75% of the company.
• Belden reported quarterly earnings of $2.34 per share, beating estimates of $2.02, while revenue rose 11.6% year over year to $750.16 million. The company guided for third-quarter EPS of $2.15–$2.30.
• Analysts maintain a consensus “Buy” rating with an average price target of $156.25, compared with the stock’s reported opening price of $136.22. Belden also paid a quarterly dividend of $0.05 per share.

Bank of America Corp DE raised its stake in shares of Belden Inc (NYSE:BDC - Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 238,651 shares of the industrial products company's stock after purchasing an additional 20,465 shares during the period. Bank of America Corp DE owned 0.61% of Belden worth $27,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BDC. Caitong International Asset Management Co. Ltd grew its holdings in Belden by 12,950.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company's stock valued at $31,000 after buying an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Belden by 134.1% in the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. Fairscale Capital LLC bought a new stake in Belden in the fourth quarter worth $51,000. Smartleaf Asset Management LLC raised its stake in Belden by 32.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 106 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in Belden during the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Belden Trading Up 0.2%

BDC stock opened at $136.22 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. Belden Inc has a twelve month low of $98.00 and a twelve month high of $159.99. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 22.15 and a beta of 1.12. The firm's fifty day simple moving average is $115.56 and its two-hundred day simple moving average is $120.40.

Belden (NYSE:BDC - Get Free Report) last announced its earnings results 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. Belden had a net margin of 8.52% and a return on equity of 25.00%. The business had revenue of $750.16 million for the quarter, compared to the consensus estimate of $746.75 million. During the same quarter in the prior year, the firm posted $1.89 earnings per share. The business's revenue for the quarter was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, analysts anticipate that Belden Inc will post 8.69 earnings per share for the current year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Belden's dividend payout ratio is currently 3.25%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Belden from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. DA Davidson began coverage on shares of Belden in a research report on Tuesday, June 16th. They set a "buy" rating and a $155.00 target price on the stock. Weiss Ratings downgraded shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, July 29th. Truist Financial reiterated a "buy" rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Finally, Citigroup started coverage on Belden in a research note on Friday, June 26th. They set a "buy" rating and a $150.00 price objective on the stock. Two equities 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $156.25.

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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