Great Lakes Advisors LLC Makes New Investment in Belden Inc $BDC

Key Points

• Great Lakes Advisors initiated a 35,276-share Belden position worth approximately $4.23 million, while institutional investors collectively owned 98.75% of the company’s stock.
• Belden exceeded quarterly earnings expectations, reporting $2.34 in EPS versus the $2.02 consensus and $750.16 million in revenue, up 11.6% year over year. The company issued third-quarter EPS guidance of $2.15–$2.30.
• Analysts maintain a broadly positive outlook, with the stock carrying an average “Buy” rating and a $160 price target; Belden also declared a quarterly dividend of $0.05 per share.

Great Lakes Advisors LLC purchased a new position in shares of Belden Inc (NYSE:BDC - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 35,276 shares of the industrial products company's stock, valued at approximately $4,230,000. Great Lakes Advisors LLC owned approximately 0.09% of Belden at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BDC. Investmark Advisory Group LLC acquired a new stake in Belden during the second quarter worth approximately $639,000. Foster & Motley Inc. purchased a new stake in Belden in the 2nd quarter worth approximately $4,644,000. BlackRock Inc. acquired a new position in Belden in the 2nd quarter valued at $616,536,000. Deutsche Bank AG acquired a new position in Belden in the 2nd quarter valued at $5,649,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Belden during the 2nd quarter worth $82,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Belden Trading Down 3.3%

BDC stock opened at $124.25 on Friday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $117.22 and a 200-day simple moving average of $120.73. Belden Inc has a 52 week low of $98.00 and a 52 week high of $159.99.

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

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a $0.05 dividend. 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 dividend payout ratio (DPR) is 3.25%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BDC. Zacks Research upgraded Belden from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Fox Advisors upgraded Belden from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Weiss Ratings downgraded Belden from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, July 29th. Citigroup assumed coverage on Belden in a research note on Friday, June 26th. They issued a "buy" rating and a $150.00 price target on the stock. Finally, DA Davidson lifted their price target on Belden from $155.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $160.00.

Belden Company 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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