Callan Family Office LLC bought a new position in shares of Belden Inc (NYSE:BDC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,330 shares of the industrial products company's stock, valued at approximately $1,479,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in BDC. UBS Group AG raised its stake in shares of Belden by 15.0% in the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company's stock valued at $24,882,000 after acquiring an additional 27,827 shares in the last quarter. Pier Capital LLC bought a new stake in Belden during the fourth quarter worth approximately $7,473,000. Wesbanco Bank Inc. bought a new stake in Belden during the fourth quarter worth approximately $1,166,000. Leeward Investments LLC MA grew its holdings in Belden by 5.3% during the first quarter. Leeward Investments LLC MA now owns 137,376 shares of the industrial products company's stock valued at $15,775,000 after purchasing an additional 6,923 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Belden by 9.4% during the first quarter. Bank of America Corp DE now owns 238,651 shares of the industrial products company's stock valued at $27,404,000 after purchasing an additional 20,465 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on BDC shares. Fox Advisors upgraded shares of Belden from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Citigroup initiated coverage on shares of Belden in a research note on Friday, June 26th. They issued a "buy" rating and a $150.00 target price on the stock. Wall Street Zen raised Belden from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Weiss Ratings cut Belden from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, July 29th. Finally, Truist Financial restated a "buy" rating and set a $145.00 target price (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Belden currently has a consensus rating of "Buy" and a consensus price target of $160.00.
Read Our Latest Stock Report on BDC
Belden Price Performance
Shares of NYSE:BDC opened at $122.33 on Monday. The firm has a market capitalization of $4.78 billion, a PE ratio of 19.89 and a beta of 1.12. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. Belden Inc has a 1-year low of $98.00 and a 1-year high of $159.99. The business's 50 day moving average is $117.36 and its 200-day moving average is $120.73.
Belden (NYSE:BDC - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.32. The business had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.Belden's revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Sell-side analysts predict that Belden Inc will post 8.69 earnings per share for the current year.
Belden Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 16th. Belden's payout ratio is currently 3.25%.
About Belden
(
Free Report)
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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