Belden Inc $BDC Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has reduced its holdings in Belden Inc by 40.4%, now owning approximately 0.06% of the company valued at about $2.83 million.
• Belden's stock was reported to be trading down 3.1% at $124.52, with a market cap of $4.93 billion and a recent quarterly earnings report showing earnings per share (EPS) of $1.89, exceeding estimates.
• The company has announced a quarterly dividend of $0.05 per share, representing a 0.2% dividend yield and plans for Q3 2025 EPS guidance of 1.850-1.950.

Assenagon Asset Management S.A. reduced its holdings in Belden Inc (NYSE:BDC - Free Report) by 40.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,399 shares of the industrial products company's stock after selling 16,512 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.06% of Belden worth $2,825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BDC. Cetera Investment Advisers increased its stake in Belden by 22.2% in the fourth quarter. Cetera Investment Advisers now owns 3,636 shares of the industrial products company's stock valued at $409,000 after purchasing an additional 661 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Belden by 20.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,730 shares of the industrial products company's stock valued at $13,708,000 after buying an additional 20,550 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Belden in the fourth quarter valued at about $61,000. GAMMA Investing LLC grew its stake in shares of Belden by 13,408.2% in the first quarter. GAMMA Investing LLC now owns 44,712 shares of the industrial products company's stock valued at $4,482,000 after buying an additional 44,381 shares in the last quarter. Finally, Private Client Services LLC purchased a new position in Belden in the first quarter valued at about $1,434,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Brian Edward Anderson sold 7,158 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $130.51, for a total value of $934,190.58. Following the sale, the senior vice president owned 39,574 shares of the company's stock, valued at approximately $5,164,802.74. This trade represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.48% of the company's stock.

Belden Trading Down 3.1%

Shares of NYSE BDC opened at $124.52 on Friday. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 22.56 and a beta of 1.30. Belden Inc has a 12-month low of $83.18 and a 12-month high of $133.77. The company has a current ratio of 1.99, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03. The stock's 50 day simple moving average is $127.09 and its 200 day simple moving average is $113.82.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings results 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 for 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 business's revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities research analysts expect that Belden Inc will post 7.07 EPS for the current year.

Belden Announces Dividend

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

Wall Street Analyst Weigh In

BDC has been the subject of a number of analyst reports. Benchmark increased their price target on Belden from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Belden in a report on Friday, July 11th. Finally, Wall Street Zen downgraded Belden from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company 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.

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