Ceredex Value Advisors LLC Has $13.17 Million Holdings in Belden Inc $BDC

Key Points

• Ceredex Value Advisors LLC increased its stake in Belden Inc by 14.4% during the first quarter, now owning 131,321 shares valued at approximately $13.17 million.
• Belden's recent earnings report exceeded expectations, with earnings per share (EPS) of $1.89 compared to a consensus estimate of $1.72, alongside revenue growth of 11.2% year-over-year.
• Four investment analysts have rated Belden as a Buy, with a consensus price target of $136.50 and recent adjustments raising Benchmark's price objective from $130 to $145.

Ceredex Value Advisors LLC raised its stake in Belden Inc (NYSE:BDC - Free Report) by 14.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 131,321 shares of the industrial products company's stock after buying an additional 16,500 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.33% of Belden worth $13,165,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BDC. Opal Wealth Advisors LLC bought a new stake in shares of Belden during the first quarter valued at about $35,000. Quarry LP raised its stake in shares of Belden by 208.7% during the fourth quarter. Quarry LP now owns 392 shares of the industrial products company's stock valued at $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 first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 115 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Belden during the first quarter valued at about $47,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Belden during the fourth quarter valued at about $61,000. 98.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related 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 value of $934,190.58. Following the transaction, 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 can be accessed through this hyperlink. Corporate insiders own 1.48% of the company's stock.

Belden Price Performance

NYSE:BDC traded down $2.46 during mid-day trading on Friday, reaching $130.24. 222,992 shares of the stock were exchanged, compared to its average volume of 297,512. The business has a fifty day moving average price of $123.48 and a 200 day moving average price of $111.21. The firm has a market capitalization of $5.16 billion, a PE ratio of 23.59 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 released 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 firm had revenue of $671.99 million for the quarter, compared to analyst estimates of $654.82 million. Belden had a return on equity of 23.29% and a net margin of 8.60%.Belden's revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.51 earnings per share. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Research analysts expect that Belden Inc will post 7.07 earnings per share for the current fiscal 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 paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden's dividend payout ratio (DPR) is currently 3.62%.

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.