SG Capital Management LLC Acquires Shares of 163,138 Belden Inc $BDC

SG Capital Management LLC bought a new position in shares of Belden Inc (NYSE:BDC) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 163,138 shares of the industrial products company’s stock, valued at approximately $18,891,000. Belden accounts for approximately 1.3% of SG Capital Management LLC’s holdings, making the stock its 18th biggest position. SG Capital Management LLC owned approximately 0.41% of Belden as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Polen Capital Management LLC grew its position in shares of Belden by 26.8% in the first quarter. Polen Capital Management LLC now owns 30,665 shares of the industrial products company’s stock valued at $3,074,000 after purchasing an additional 6,483 shares during the period. Citigroup Inc. raised its position in shares of Belden by 74.0% during the 1st quarter. Citigroup Inc. now owns 68,015 shares of the industrial products company’s stock worth $6,819,000 after purchasing an additional 28,936 shares during the last quarter. Summit Financial LLC purchased a new position in Belden in the 1st quarter valued at about $231,000. Allspring Global Investments Holdings LLC boosted its holdings in Belden by 2.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,071,846 shares of the industrial products company’s stock worth $126,328,000 after buying an additional 28,336 shares during the last quarter. Finally, Entropy Technologies LP boosted its holdings in Belden by 108.1% in the 1st quarter. Entropy Technologies LP now owns 4,995 shares of the industrial products company’s stock worth $501,000 after buying an additional 2,595 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Belden Stock Down 0.4%

NYSE BDC opened at $111.58 on Friday. 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 Inc has a 52 week low of $83.18 and a 52 week high of $133.77. The business’s fifty day simple moving average is $120.50 and its 200-day simple moving average is $118.56. The firm has a market cap of $4.39 billion, a PE ratio of 20.21 and a beta of 1.26.

Belden (NYSE:BDC) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.07. Belden had a net margin of 8.60% and a return on equity of 23.29%. The business had revenue of $698.22 million during the quarter, compared to analysts’ expectations of $679.61 million. During the same quarter in the prior year, the company posted $1.70 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, equities analysts anticipate that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Thursday, September 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, September 11th. Belden’s dividend payout ratio (DPR) is presently 3.55%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Benchmark boosted their price target on Belden from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Wall Street Zen cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.67.

About Belden

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.