Counterpoint Mutual Funds LLC Makes New Investment in Belden Inc $BDC

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in Belden Inc, purchasing 2,692 shares valued at approximately $312,000.
• Belden's quarterly earnings beat consensus estimates, with earnings per share at $1.89 compared to an expected $1.72, and revenues of $671.99 million, exceeding predictions of $654.82 million.
• The company announced a quarterly dividend of $0.05 per share, with an ex-dividend date of September 11th, reflecting an annual yield of 0.2%.

Counterpoint Mutual Funds LLC acquired a new position in shares of Belden Inc (NYSE:BDC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,692 shares of the industrial products company's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Belden by 30.9% during the second quarter. GAMMA Investing LLC now owns 584 shares of the industrial products company's stock worth $68,000 after purchasing an additional 138 shares in the last quarter. Matrix Trust Co lifted its stake in shares of Belden by 10.1% during the second quarter. Matrix Trust Co now owns 2,545 shares of the industrial products company's stock worth $295,000 after purchasing an additional 233 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Belden by 195.2% during the second quarter. UMB Bank n.a. now owns 552 shares of the industrial products company's stock worth $64,000 after purchasing an additional 365 shares in the last quarter. Moody National Bank Trust Division lifted its stake in shares of Belden by 1.6% during the second quarter. Moody National Bank Trust Division now owns 13,671 shares of the industrial products company's stock worth $1,583,000 after purchasing an additional 217 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Belden during the second quarter worth about $321,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Belden Stock Down 2.0%

Shares of Belden stock opened at $128.63 on Thursday. 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 cap of $5.10 billion, a P/E ratio of 23.30 and a beta of 1.30. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $133.77. The business has a 50-day moving average price of $127.22 and a 200 day moving average price of $113.65.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The firm had revenue of $671.99 million during 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 quarterly revenue was up 11.2% on a year-over-year basis. 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. On average, sell-side analysts forecast that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, September 11th. Belden's payout ratio is presently 3.62%.

Insider Buying and Selling

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of Belden stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $130.51, for a total value of $934,190.58. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.

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