Summit Financial LLC Makes New $231,000 Investment in Belden Inc $BDC

Key Points

• Summit Financial LLC has invested approximately $231,000 in Belden Inc by acquiring 2,301 shares in the first quarter of the year.
• Belden recently reported earnings of $1.89 per share for the last quarter, exceeding estimates and showing an 11.2% increase in revenue compared to the prior year.
• The company announced a quarterly dividend of $0.05 per share, set to be paid on October 7th, representing a 0.2% annual dividend yield.

Summit Financial LLC acquired a new stake in shares of Belden Inc (NYSE:BDC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,301 shares of the industrial products company's stock, valued at approximately $231,000.

A number of other hedge funds have also recently made changes to their positions in BDC. Opal Wealth Advisors LLC acquired a new position in shares of Belden during the first quarter valued at about $35,000. Quarry LP raised its position in Belden by 208.7% in the fourth quarter. Quarry LP now owns 392 shares of the industrial products company's stock worth $44,000 after acquiring an additional 265 shares during the period. GAMMA Investing LLC raised its position in Belden by 34.7% in the first 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 bought a new stake in Belden in the first quarter worth about $47,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Belden in the fourth quarter valued at approximately $61,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Belden Price Performance

NYSE:BDC traded down $2.46 during mid-day trading on Friday, hitting $130.24. 222,992 shares of the stock traded hands, compared to its average volume of 297,512. The business's 50-day moving average price is $123.48 and its 200 day moving average price is $111.21. The company has a market cap of $5.16 billion, a PE ratio of 23.59 and a beta of 1.28. Belden Inc has a 12-month low of $83.18 and a 12-month high of $133.55. 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 (NYSE:BDC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $671.99 million during the quarter, compared to analysts' expectations of $654.82 million. Belden had a net margin of 8.60% and a return on equity of 23.29%. Belden's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 earnings per share. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. On average, analysts expect that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th will be paid 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 Thursday, September 11th. Belden's payout ratio is currently 3.62%.

Insider Buying and Selling

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of the business's 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 completion of the transaction, the senior vice president owned 39,574 shares of the company's stock, valued at $5,164,802.74. The trade was a 15.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BDC shares. Benchmark boosted 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 reissued a "buy" rating on shares of Belden in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Belden presently has a consensus rating of "Buy" and a consensus price target of $136.50.

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.