Madison Asset Management LLC Acquires Shares of 15,336 Belden Inc $BDC

Key Points

• Madison Asset Management acquired 15,336 Belden shares worth approximately $1.84 million during the second quarter. Institutional investors and hedge funds collectively own 98.75% of Belden’s stock.
• Belden exceeded quarterly 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.
• Analyst sentiment remains positive, with an average “Buy” rating and a $160 price target. Belden also declared a quarterly dividend of $0.05 per share, equivalent to a 0.2% annualized yield.

Madison Asset Management LLC bought a new position in Belden Inc (NYSE:BDC - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,336 shares of the industrial products company's stock, valued at approximately $1,839,000.

Several other institutional investors and hedge funds have also made changes to their positions in BDC. BlackRock Inc. acquired a new stake in shares of Belden in the second quarter valued at approximately $616,536,000. Price T Rowe Associates Inc. MD grew its holdings in Belden by 25.9% in the 4th 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 in the last quarter. Norges Bank acquired a new stake in shares of Belden in the 4th quarter worth $57,296,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Belden by 238,774.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 422,808 shares of the industrial products company's stock worth $49,278,000 after acquiring an additional 422,631 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new position in shares of Belden during the 4th quarter worth $43,097,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Belden Stock Performance

Shares of Belden stock opened at $124.25 on Friday. Belden Inc has a 52 week low of $98.00 and a 52 week high of $159.99. The business's fifty day simple moving average is $117.22 and its 200-day simple moving average is $120.73. The firm has a market cap of $4.86 billion, a PE 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.

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

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given 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 dividend yield of 0.2%. Belden's dividend payout ratio (DPR) is currently 3.25%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BDC. Truist Financial reissued a "buy" rating and set a $145.00 price target (down from $155.00) on shares of Belden in a research report on Friday, July 31st. DA Davidson raised their price objective on shares of Belden from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday. Fox Advisors raised shares of Belden from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Belden from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Two investment 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's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $160.00.

About Belden

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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