Newport Trust Company LLC Buys 9,337 Shares of Belden Inc $BDC

Newport Trust Company LLC raised its stake in shares of Belden Inc (NYSE:BDC) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 341,103 shares of the industrial products company’s stock after acquiring an additional 9,337 shares during the period. Newport Trust Company LLC’s holdings in Belden were worth $39,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of Belden by 0.7% during the 3rd quarter. Arizona State Retirement System now owns 11,688 shares of the industrial products company’s stock valued at $1,406,000 after purchasing an additional 86 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Belden by 4.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock valued at $275,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Belden by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the industrial products company’s stock valued at $119,000 after buying an additional 116 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Belden by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock valued at $452,000 after buying an additional 142 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of Belden by 2.1% during the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock valued at $849,000 after buying an additional 144 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BDC. Benchmark upped their target price on shares of Belden from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Weiss Ratings cut shares of Belden from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Belden has an average rating of “Moderate Buy” and an average price target of $162.50.

Belden Stock Performance

Shares of NYSE:BDC opened at $104.81 on Friday. The firm has a market cap of $4.08 billion, a PE ratio of 17.64 and a beta of 1.18. The firm’s 50 day simple moving average is $118.23 and its 200-day simple moving average is $121.60. Belden Inc has a one year low of $101.00 and a one year 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.

Belden (NYSE:BDC) last issued its earnings results on Thursday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.07. The business had revenue of $696.38 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $1.60 earnings per share. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. As a group, equities analysts predict that Belden Inc will post 8.22 EPS for the current year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s dividend payout ratio (DPR) is 3.37%.

Belden Profile

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 high?performance, reliable products for harsh environments.