Nuveen LLC Takes $13.52 Million Position in Belden Inc $BDC

Key Points

• Nuveen LLC has acquired 134,828 shares of Belden Inc, valued at approximately $13.5 million, representing a 0.34% ownership stake in the company.
• Belden's recent earnings report showed an earnings per share (EPS) of $1.89, surpassing the consensus estimate by $0.17, with an overall revenue increase of 11.2% year-over-year.
• The company announced a quarterly dividend of $0.05 per share, set to be paid on October 7th, offering an annualized yield of 0.2%.

Nuveen LLC bought a new stake in shares of Belden Inc (NYSE:BDC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 134,828 shares of the industrial products company's stock, valued at approximately $13,517,000. Nuveen LLC owned 0.34% of Belden at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Xponance Inc. lifted its position in Belden by 1.7% during the first quarter. Xponance Inc. now owns 5,839 shares of the industrial products company's stock valued at $585,000 after purchasing an additional 99 shares during the period. Louisiana State Employees Retirement System lifted its position in Belden by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company's stock valued at $1,133,000 after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue lifted its position in Belden by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 34,717 shares of the industrial products company's stock valued at $3,479,000 after purchasing an additional 115 shares during the period. GAMMA Investing LLC lifted its position in Belden by 34.7% during the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 115 shares during the period. Finally, Covestor Ltd increased its holdings in Belden by 23.5% in the first quarter. Covestor Ltd now owns 636 shares of the industrial products company's stock valued at $64,000 after buying an additional 121 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Belden

In related news, SVP Brian Edward Anderson sold 7,158 shares of the company'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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Belden from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Benchmark lifted their price objective on shares of Belden from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Belden in a report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Belden currently has an average rating of "Buy" and an average price target of $136.50.

Belden Price Performance

Shares of BDC stock traded up $1.47 on Wednesday, reaching $132.98. 336,942 shares of the company were exchanged, compared to its average volume of 331,719. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 24.09 and a beta of 1.28. The business has a 50-day moving average price of $122.61 and a 200 day moving average price of $110.97. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. Belden Inc has a 1 year low of $83.18 and a 1 year high of $133.29.

Belden (NYSE:BDC - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.17. Belden had a net margin of 8.60% and a return on equity of 23.29%. The business had revenue of $671.99 million during the quarter, compared to analysts' expectations of $654.82 million. During the same quarter in the previous year, the company earned $1.51 earnings per share. The company's quarterly revenue was up 11.2% on a year-over-year basis. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities research analysts forecast that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

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

Belden Company 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.