Martingale Asset Management L P Sells 5,218 Shares of Belden Inc $BDC

Key Points

• Martingale Asset Management L P has reduced its stake in Belden Inc by 65.9%, selling 5,218 shares and now holds 2,697 shares valued at approximately $270,000.
• Belden Inc reported an earnings per share (EPS) of $1.89 for the last quarter, exceeding analyst expectations and reflecting an 11.2% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.05 per share, to be paid on October 7th, with a dividend yield of 0.2%.

Martingale Asset Management L P trimmed its holdings in Belden Inc (NYSE:BDC - Free Report) by 65.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,697 shares of the industrial products company's stock after selling 5,218 shares during the quarter. Martingale Asset Management L P's holdings in Belden were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Capital Fund Management S.A. bought a new position in shares of Belden in the 1st quarter worth about $1,245,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Belden during the 1st quarter valued at about $98,000. Brooklyn Investment Group grew its position in Belden by 80,800.0% during the 1st quarter. Brooklyn Investment Group now owns 4,045 shares of the industrial products company's stock valued at $406,000 after purchasing an additional 4,040 shares during the last quarter. Neuberger Berman Group LLC grew its position in Belden by 18.8% during the 1st quarter. Neuberger Berman Group LLC now owns 2,310 shares of the industrial products company's stock valued at $232,000 after purchasing an additional 366 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Belden by 156.9% during the 1st quarter. Russell Investments Group Ltd. now owns 22,789 shares of the industrial products company's stock valued at $2,285,000 after purchasing an additional 13,917 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Belden Stock Performance

Shares of NYSE BDC opened at $130.6960 on Tuesday. The firm's 50-day moving average price is $121.68 and its 200-day moving average price is $110.67. 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 company has a market cap of $5.18 billion, a PE ratio of 23.68 and a beta of 1.28. Belden Inc has a 52-week low of $83.18 and a 52-week high of $132.99.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.17. The firm had revenue of $671.99 million for the quarter, compared to the consensus estimate of $654.82 million. Belden had a net margin of 8.60% and a return on equity of 23.29%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. As a group, analysts anticipate that Belden Inc will post 7.07 EPS for the current year.

Belden Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on BDC shares. Wall Street Zen downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Benchmark increased their price objective 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, The Goldman Sachs Group reissued a "buy" rating on shares of Belden in a research report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $136.50.

Insider Activity

In other news, SVP Brian Edward Anderson sold 7,158 shares of the firm's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $130.51, for a total transaction of $934,190.58. Following the sale, the senior vice president owned 39,574 shares of the company's stock, valued at $5,164,802.74. This trade represents a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.48% of the stock is currently owned by insiders.

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.

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