Hotchkis & Wiley Capital Management LLC Sells 424,130 Shares of Belden Inc $BDC

Key Points

• Hotchkis & Wiley Capital Management LLC significantly reduced its stake in Belden Inc by 80%, selling over 424,000 shares, and now holds approximately 106,135 shares worth about $10.64 million.
• Belden Inc announced a quarterly dividend of $0.05 per share, representing an annualized yield of 0.2% and a dividend payout ratio of 3.62%.
• Analysts have varied ratings on Belden, with groups like Benchmark raising their price target from $130 to $145, while others like Wall Street Zen downgraded their rating from "strong-buy" to "buy."

Hotchkis & Wiley Capital Management LLC cut its stake in Belden Inc (NYSE:BDC - Free Report) by 80.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,135 shares of the industrial products company's stock after selling 424,130 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.27% of Belden worth $10,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BDC. Invesco Ltd. raised its stake in shares of Belden by 37.2% in the 1st quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company's stock worth $102,706,000 after buying an additional 277,782 shares in the last quarter. Leigh Baldwin & CO. LLC acquired a new position in Belden during the fourth quarter worth about $2,511,000. Bank of America Corp DE raised its position in Belden by 234.7% in the fourth quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock worth $25,266,000 after acquiring an additional 157,335 shares in the last quarter. Nuveen LLC acquired a new stake in Belden in the 1st quarter valued at about $13,517,000. Finally, Janus Henderson Group PLC boosted its position in shares of Belden by 380.3% during the 4th quarter. Janus Henderson Group PLC now owns 166,354 shares of the industrial products company's stock valued at $18,726,000 after purchasing an additional 131,719 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BDC. Wall Street Zen downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. The Goldman Sachs Group restated a "buy" rating on shares of Belden in a research report on Friday, July 11th. Finally, Benchmark increased their price objective on Belden from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $136.50.

Belden Stock Down 0.1%

BDC stock traded down $0.15 during midday trading on Thursday, reaching $132.74. The company had a trading volume of 236,989 shares, compared to its average volume of 284,909. The company has a 50 day moving average of $122.61 and a two-hundred day moving average of $110.97. The company has a market capitalization of $5.26 billion, a P/E ratio of 24.05 and a beta of 1.28. Belden Inc has a 1 year low of $83.18 and a 1 year high of $133.55. The company has a current ratio of 1.99, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03.

Belden (NYSE:BDC - Get Free Report) last posted its quarterly 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. Belden had a net margin of 8.60% and a return on equity of 23.29%. The business had revenue of $671.99 million for the quarter, compared to analysts' expectations of $654.82 million. During the same period in the previous year, the company posted $1.51 EPS. Belden's revenue was up 11.2% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Belden Dividend Announcement

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

Insider Buying and Selling at Belden

In other news, SVP Brian Edward Anderson sold 7,158 shares of Belden 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.48% of the stock is owned by company insiders.

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.