Investmark Advisory Group LLC Has $835,000 Position in Belden Inc $BDC

Key Points

• Investmark Advisory Group LLC reduced its holdings in Belden Inc by 20.4%, selling 2,129 shares and owning 8,331 shares valued at approximately $835,000.
• Belden's recent financial performance includes an EPS of $1.89, surpassing estimates, with an 11.2% year-over-year revenue increase to $671.99 million.
• The company has announced a quarterly dividend of $0.05 per share, reflecting an annualized yield of 0.2%, with the payment scheduled for October 7th.

Investmark Advisory Group LLC decreased its position in Belden Inc (NYSE:BDC - Free Report) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,331 shares of the industrial products company's stock after selling 2,129 shares during the quarter. Investmark Advisory Group LLC's holdings in Belden were worth $835,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BDC. Comerica Bank boosted its holdings in Belden by 13.7% in the 4th quarter. Comerica Bank now owns 28,454 shares of the industrial products company's stock valued at $3,204,000 after purchasing an additional 3,439 shares during the period. Jane Street Group LLC increased its stake in Belden by 111.2% during the 4th quarter. Jane Street Group LLC now owns 49,067 shares of the industrial products company's stock worth $5,525,000 after acquiring an additional 25,838 shares during the period. BNP Paribas Financial Markets increased its stake in Belden by 55.4% during the 4th quarter. BNP Paribas Financial Markets now owns 23,646 shares of the industrial products company's stock worth $2,663,000 after acquiring an additional 8,429 shares during the period. Bank of America Corp DE increased its stake in Belden by 234.7% during the 4th quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock worth $25,266,000 after acquiring an additional 157,335 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Belden by 4.9% during the 4th quarter. Baird Financial Group Inc. now owns 2,802 shares of the industrial products company's stock worth $316,000 after acquiring an additional 130 shares during the period. Institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Belden 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 transaction of $934,190.58. Following the transaction, the senior vice president directly owned 39,574 shares of the company's stock, valued at approximately $5,164,802.74. The trade was a 15.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.48% of the stock is owned by insiders.

Belden Price Performance

Shares of NYSE BDC traded up $1.35 during mid-day trading on Wednesday, hitting $129.34. 88,737 shares of the stock traded hands, compared to its average volume of 283,166. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35. Belden Inc has a twelve month low of $83.18 and a twelve month high of $133.55. The company has a market cap of $5.12 billion, a PE ratio of 23.45 and a beta of 1.30. The firm has a 50 day simple moving average of $125.37 and a two-hundred day simple moving average of $111.92.

Belden (NYSE:BDC - Get Free Report) last released 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. Belden had a return on equity of 23.29% and a net margin of 8.60%.The company had revenue of $671.99 million for the quarter, compared to the consensus estimate of $654.82 million. During the same quarter last year, the business posted $1.51 EPS. Belden's revenue for the quarter was up 11.2% on a year-over-year basis. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. As a group, equities research analysts forecast that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 11th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden's dividend payout ratio (DPR) is 3.62%.

About Belden

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.