Squarepoint Ops LLC Raises Position in Belden Inc $BDC

Key Points

• Squarepoint Ops LLC more than doubled its Belden stake by 111.4% in the second quarter, bringing its holdings to 23,192 shares valued at approximately $2.8 million. Institutional investors collectively own 98.75% of the company.
• Belden reported quarterly EPS of $2.34, beating estimates of $2.02, while revenue rose 11.6% year over year to $750.16 million. The company issued third-quarter EPS guidance of $2.15–$2.30.
• Analysts maintain a generally positive view, with Belden carrying a “Moderate Buy” consensus rating and an average price target of $160. The company also announced a quarterly dividend of $0.05 per share, representing a 0.2% annualized yield.

Squarepoint Ops LLC grew its stake in Belden Inc (NYSE:BDC - Free Report) by 111.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,192 shares of the industrial products company's stock after purchasing an additional 12,219 shares during the quarter. Squarepoint Ops LLC owned approximately 0.06% of Belden worth $2,781,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of Belden by 11,566.6% in the 2nd quarter. California State Teachers Retirement System now owns 5,352,183 shares of the industrial products company's stock worth $641,780,000 after acquiring an additional 5,306,307 shares in the last quarter. BlackRock Inc. bought a new position in shares of Belden during the second quarter valued at about $616,536,000. Price T Rowe Associates Inc. MD lifted its position in shares of Belden by 25.9% during the fourth 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 purchasing an additional 663,241 shares in the last quarter. Norges Bank purchased a new position in Belden during the fourth quarter worth about $57,296,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in 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 purchasing an additional 422,631 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Belden Stock Down 0.5%

BDC opened at $121.67 on Monday. Belden Inc has a twelve month low of $98.00 and a twelve month high of $159.99. The company's 50-day moving average price is $117.05 and its two-hundred day moving average price is $118.20. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 19.78 and a beta of 1.09. 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 issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The company had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. During the same quarter last year, the business posted $1.89 EPS. Belden's quarterly revenue was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, equities analysts expect that Belden Inc will post 8.69 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden's dividend payout ratio (DPR) is currently 3.25%.

Analysts Set New Price Targets

Several equities research analysts have commented on BDC shares. DA Davidson increased their price objective on shares of Belden from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded Belden from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. Fox Advisors raised Belden from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Citigroup initiated coverage on Belden in a report on Friday, June 26th. They set a "buy" rating and a $150.00 price target on the stock. Finally, Wall Street Zen cut Belden from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Belden currently has a consensus rating of "Moderate Buy" and an average target price of $160.00.

Belden Profile

Belden Inc NYSE: BDC is a global provider of signal transmission, connectivity and networking solutions. The company designs and manufactures products that help businesses transmit data, video and other signals across enterprise, industrial and broadcast environments.

Its offerings include copper and fiber-optic cable, connectivity components, networking equipment, industrial automation and control products, and solutions for data centers, commercial buildings and industrial facilities.

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