Leeward Investments LLC MA Sells 8,823 Shares of Belden Inc $BDC

Leeward Investments LLC MA reduced its position in shares of Belden Inc (NYSE:BDC) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145,408 shares of the industrial products company’s stock after selling 8,823 shares during the quarter. Leeward Investments LLC MA owned about 0.37% of Belden worth $15,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Signaturefd LLC raised its stake in shares of Belden by 39.8% during the third quarter. Signaturefd LLC now owns 587 shares of the industrial products company’s stock worth $63,000 after buying an additional 167 shares during the last quarter. Marion Wealth Management lifted its holdings in Belden by 80.0% in the third quarter. Marion Wealth Management now owns 4,500 shares of the industrial products company’s stock valued at $486,000 after buying an additional 2,000 shares during the period. Michael J. Porro & Co. Financial Advisors Inc. boosted its stake in Belden by 17.1% in the third quarter. Michael J. Porro & Co. Financial Advisors Inc. now owns 6,088 shares of the industrial products company’s stock valued at $657,000 after acquiring an additional 888 shares during the last quarter. GAMMA Investing LLC boosted its stake in Belden by 25.7% in the third quarter. GAMMA Investing LLC now owns 587 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 120 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Belden by 103.1% in the second quarter. Tidal Investments LLC now owns 5,506 shares of the industrial products company’s stock valued at $660,000 after acquiring an additional 2,795 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 3rd. Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. DA Davidson lifted their price target 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. Zacks Research cut Belden from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Finally, Wall Street Zen lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Belden Trading Up 0.2%

NYSE BDC opened at $104.39 on Monday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 16.97 and a beta of 1.13. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. The business’s fifty day moving average is $113.66 and its 200 day moving average is $115.18. Belden Inc has a twelve month low of $98.00 and a twelve month high of $159.99.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $750.16 million during the quarter, compared to analysts’ expectations of $746.75 million. During the same period in the prior year, the company posted $1.89 EPS. The company’s revenue was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, sell-side analysts expect that Belden Inc will post 8.69 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th 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 was Wednesday, September 16th. Belden’s payout ratio is presently 3.25%.

Belden Profile

Belden Inc (NYSE: BDC) is a global provider of signal transmission and networking solutions. The company designs and manufactures products that support the secure movement of data, audio and video across enterprise, industrial and broadcast environments.

Its product portfolio includes copper and fiber-optic cable, connectors, patching and rack systems, industrial Ethernet equipment, network infrastructure, cybersecurity and software-enabled solutions. Belden’s offerings are used in applications such as industrial automation, transportation, energy, enterprise networking, data centers, smart buildings and professional broadcasting.

Founded in 1902, Belden serves customers through operations and distribution channels spanning North America, Europe, Asia and other international markets.