Brooklyn Investment Group boosted its holdings in shares of Belden Inc (NYSE:BDC - Free Report) by 80,800.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,045 shares of the industrial products company's stock after acquiring an additional 4,040 shares during the quarter. Brooklyn Investment Group's holdings in Belden were worth $406,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Belden during the 1st quarter worth about $35,000. Quarry LP raised its stake in shares of Belden by 208.7% during the 4th quarter. Quarry LP now owns 392 shares of the industrial products company's stock worth $44,000 after purchasing an additional 265 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Belden by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock worth $45,000 after purchasing an additional 115 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Belden in the 1st quarter valued at approximately $47,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Belden in the 4th quarter valued at approximately $61,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have commented on BDC. Benchmark lifted their price target on Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wall Street Zen lowered Belden from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Belden in a report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $136.50.
Read Our Latest Stock Report on BDC
Insider Buying and Selling
In related news, SVP Brian Edward Anderson sold 7,158 shares of Belden stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $130.51, for a total transaction of $934,190.58. Following the sale, the senior vice president directly owned 39,574 shares in the company, valued at approximately $5,164,802.74. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.48% of the company's stock.
Belden Price Performance
Shares of NYSE:BDC traded up $7.1090 during trading on Friday, reaching $131.2890. 315,272 shares of the company traded hands, compared to its average volume of 322,014. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $5.20 billion, a PE ratio of 23.78 and a beta of 1.28. Belden Inc has a 52 week low of $83.18 and a 52 week high of $132.99. The company's 50 day moving average is $121.26 and its two-hundred day moving average is $110.56.
Belden (NYSE:BDC - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. As a group, sell-side analysts predict that Belden Inc will post 7.07 earnings per share for the current year.
Belden Announces Dividend
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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden's dividend payout ratio is presently 3.62%.
About Belden
(
Free Report)
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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