Legal & General Group Plc Takes $6.48 Million Position in Belden Inc $BDC

Key Points

• Legal & General Group Plc acquired 54,015 Belden shares worth approximately $6.48 million, representing about 0.14% of the company. Institutional investors collectively own 98.75% of Belden.
• Belden reported quarterly EPS of $2.34, beating estimates of $2.02, while revenue rose 11.6% year over year to $750.16 million. The company issued third-quarter EPS guidance of $2.15–$2.30.
• Analysts maintain a consensus “Buy” rating with an average price target of $160, compared with the stock’s reported price of $116.06; Belden also declared a quarterly dividend of $0.05 per share.

Legal & General Group Plc purchased a new stake in Belden Inc (NYSE:BDC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 54,015 shares of the industrial products company's stock, valued at approximately $6,477,000. Legal & General Group Plc owned about 0.14% of Belden as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Belden in the 2nd quarter valued at about $616,536,000. Price T Rowe Associates Inc. MD lifted its holdings in Belden by 25.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,225,244 shares of the industrial products company's stock valued at $375,903,000 after buying an additional 663,241 shares during the period. Wellington Management Group LLP lifted its holdings in Belden by 15.0% in the fourth quarter. Wellington Management Group LLP now owns 1,685,750 shares of the industrial products company's stock valued at $196,474,000 after buying an additional 219,695 shares during the period. Invesco Ltd. boosted its stake in Belden by 4.0% in the third quarter. Invesco Ltd. now owns 1,015,651 shares of the industrial products company's stock valued at $122,152,000 after acquiring an additional 39,096 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Belden by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,007,189 shares of the industrial products company's stock valued at $117,405,000 after acquiring an additional 25,829 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Belden Price Performance

BDC stock opened at $116.06 on Thursday. The stock has a 50-day moving average price of $116.78 and a two-hundred day moving average price of $119.52. The stock has a market cap of $4.54 billion, a PE ratio of 18.87 and a beta of 1.09. 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.

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

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden's dividend payout ratio (DPR) is presently 3.25%.

Analysts Set New Price Targets

Several analysts have commented on BDC shares. Citigroup began coverage on shares of Belden in a research report on Friday, June 26th. They set a "buy" rating and a $150.00 target price for the company. Wall Street Zen cut Belden from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 29th. Zacks Research upgraded Belden from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Weiss Ratings lowered Belden from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Finally, Fox Advisors upgraded Belden from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target 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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