Pier Capital LLC acquired a new position in shares of Belden Inc (NYSE:BDC – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,115 shares of the industrial products company’s stock, valued at approximately $7,473,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BDC. Caitong International Asset Management Co. Ltd raised its holdings in Belden by 12,950.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock valued at $31,000 after buying an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Belden by 134.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after buying an additional 165 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Belden by 234.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock valued at $40,000 after buying an additional 232 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Belden by 152.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 457 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 276 shares during the last quarter. Finally, Torren Management LLC bought a new position in Belden during the 4th quarter worth approximately $62,000. Institutional investors own 98.75% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on BDC shares. Wall Street Zen upgraded shares of Belden from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Benchmark raised their price target on shares of Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Weiss Ratings lowered shares of Belden from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.50.
Belden Stock Down 2.4%
Belden stock opened at $111.85 on Friday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 18.83 and a beta of 1.18. Belden Inc has a 52-week low of $103.57 and a 52-week high of $159.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09. The firm has a 50 day moving average price of $123.87 and a two-hundred day moving average price of $122.40.
Belden (NYSE:BDC – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.70 by $0.07. The company had revenue of $696.38 million during the quarter, compared to the consensus estimate of $677.03 million. Belden had a net margin of 8.49% and a return on equity of 24.47%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Equities analysts predict that Belden Inc will post 8.22 EPS for the current year.
Belden Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s dividend payout ratio (DPR) is 3.37%.
About Belden
Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.
Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering highâperformance, reliable products for harsh environments.
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