MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Belden Inc (NYSE:BDC - Free Report) by 8.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 68,214 shares of the industrial products company's stock after buying an additional 5,232 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.17% of Belden worth $6,838,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of BDC. Opal Wealth Advisors LLC bought a new position in shares of Belden in the 1st quarter worth about $35,000. GAMMA Investing LLC increased its holdings in shares of Belden by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock worth $45,000 after acquiring an additional 115 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Belden in the 1st quarter worth about $47,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Belden in the 4th quarter worth about $61,000. Finally, Covestor Ltd increased its holdings in shares of Belden by 23.5% in the 1st quarter. Covestor Ltd now owns 636 shares of the industrial products company's stock worth $64,000 after acquiring an additional 121 shares during the period. 98.75% of the stock is currently owned by institutional investors.
Belden Trading Down 2.2%
Shares of Belden stock traded down $2.87 during trading on Tuesday, hitting $129.53. The stock had a trading volume of 171,339 shares, compared to its average volume of 273,779. The stock has a 50 day simple moving average of $126.41 and a 200 day simple moving average of $112.68. The company has a market capitalization of $5.13 billion, a PE ratio of 23.47 and a beta of 1.30. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. Belden Inc has a 1 year low of $83.18 and a 1 year high of $133.77.
Belden (NYSE:BDC - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. The business 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 firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.51 earnings per share. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. On average, research analysts expect that Belden Inc will post 7.07 EPS for the current fiscal year.
Belden Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 11th. Belden's dividend payout ratio (DPR) is 3.62%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on BDC. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Belden in a report on Friday, July 11th. Benchmark increased their price objective on shares of Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Wall Street Zen cut shares of Belden from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $136.50.
Get Our Latest Stock Report on BDC
Insider Buying and Selling at Belden
In other news, SVP Brian Edward Anderson sold 7,158 shares of Belden stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $130.51, for a total value of $934,190.58. Following the transaction, the senior vice president directly owned 39,574 shares of the company's stock, valued at $5,164,802.74. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.48% of the stock is currently owned by company insiders.
Belden Profile
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Free Report)
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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