Newport Trust Company LLC Increases Stock Position in Belden Inc $BDC

Key Points

• Newport Trust Company LLC has increased its holdings in Belden Inc by 4.7%, now owning 315,337 shares worth approximately $31.6 million.
• Belden's earnings exceeded expectations, reporting $1.89 EPS, which is $0.17 above the consensus estimate, alongside a revenue increase of 11.2% year-over-year.
• Analysts maintain a buy rating for Belden with a target price increase from $130.00 to $145.00.

Newport Trust Company LLC grew its holdings in shares of Belden Inc (NYSE:BDC - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 315,337 shares of the industrial products company's stock after purchasing an additional 14,045 shares during the period. Newport Trust Company LLC owned approximately 0.80% of Belden worth $31,613,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Summit Financial LLC purchased a new position in shares of Belden during the first quarter valued at approximately $231,000. Price T Rowe Associates Inc. MD increased its position in shares of Belden by 18.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company's stock valued at $82,319,000 after acquiring an additional 125,722 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Belden during the first quarter valued at approximately $1,245,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Belden during the first quarter valued at approximately $98,000. Finally, Brooklyn Investment Group increased its position in shares of Belden by 80,800.0% during the first quarter. Brooklyn Investment Group now owns 4,045 shares of the industrial products company's stock valued at $406,000 after acquiring an additional 4,040 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, SVP Brian Edward Anderson sold 7,158 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president owned 39,574 shares of the company's stock, valued at approximately $5,164,802.74. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.48% of the company's stock.

Belden Stock Performance

Shares of BDC stock traded up $0.42 during mid-day trading on Wednesday, reaching $131.93. 125,905 shares of the company's stock traded hands, compared to its average volume of 283,854. The firm has a market capitalization of $5.23 billion, a PE ratio of 23.90 and a beta of 1.28. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. The firm has a 50 day moving average price of $122.14 and a two-hundred day moving average price of $110.82. Belden Inc has a 12 month low of $83.18 and a 12 month high of $133.29.

Belden (NYSE:BDC - Get Free Report) last issued 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 company had revenue of $671.99 million during 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%. Belden's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. On average, research analysts forecast that Belden Inc will post 7.07 EPS for the current year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. Belden's dividend payout ratio is currently 3.62%.

Belden Profile

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.