BlackRock Inc. Makes New Investment in Belden Inc $BDC

Key Points

• BlackRock acquired 5.14 million Belden shares worth approximately $616.5 million, giving it a 13.16% stake. Institutional investors collectively own 98.75% of the company.
• Belden exceeded quarterly earnings expectations, reporting $2.34 earnings per share and $750.16 million in revenue, with revenue up 11.6% year over year. The company guided for third-quarter EPS of $2.15 to $2.30.
• Analysts maintain a generally positive outlook, with the stock holding a consensus “Buy” rating and a $160 target price versus a recent share price of $122.33. Belden also announced a quarterly dividend of $0.05 per share.

BlackRock Inc. purchased a new stake in Belden Inc (NYSE:BDC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,141,658 shares of the industrial products company's stock, valued at approximately $616,536,000. BlackRock Inc. owned approximately 13.16% of Belden at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Millennium Management LLC grew its holdings in Belden by 9.6% during the 1st quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company's stock valued at $7,906,000 after buying an additional 6,894 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Belden in the first quarter valued at $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Belden by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company's stock valued at $13,214,000 after acquiring an additional 10,077 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Belden by 18.3% during the first quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company's stock valued at $5,817,000 after acquiring an additional 8,961 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Belden by 273.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company's stock worth $399,000 after purchasing an additional 2,918 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Down 0.1%

Shares of NYSE:BDC opened at $122.33 on Monday. Belden Inc has a 1 year low of $98.00 and a 1 year high of $159.99. The stock has a 50-day simple moving average of $117.36 and a 200-day simple moving average of $120.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14. The stock has a market capitalization of $4.78 billion, a P/E ratio of 19.89 and a beta of 1.12.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The firm had revenue of $750.16 million for the quarter, compared to analysts' expectations of $746.75 million. During the same period in the previous year, the company posted $1.89 earnings per share. Belden's revenue was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Equities analysts forecast that Belden Inc will post 8.69 earnings per share for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 16th. Belden's payout ratio is currently 3.25%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Truist Financial reissued a "buy" rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Citigroup began coverage on shares of Belden in a research note on Friday, June 26th. They set a "buy" rating and a $150.00 price objective on the stock. Finally, DA Davidson raised their target price on shares of Belden from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $160.00.

Belden Profile

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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