Louisiana State Employees Retirement System Makes New $1.31 Million Investment in Belden Inc $BDC

Louisiana State Employees Retirement System acquired a new stake in Belden Inc (NYSE:BDC) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,400 shares of the industrial products company’s stock, valued at approximately $1,309,000.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Belden by 25.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,225,244 shares of the industrial products company’s stock worth $375,903,000 after buying an additional 663,241 shares during the last quarter. Wellington Management Group LLP grew its stake in Belden by 15.0% in the 4th quarter. Wellington Management Group LLP now owns 1,685,750 shares of the industrial products company’s stock valued at $196,474,000 after buying an additional 219,695 shares during the last quarter. Invesco Ltd. grew its stake in Belden by 4.0% in the 3rd quarter. Invesco Ltd. now owns 1,015,651 shares of the industrial products company’s stock valued at $122,152,000 after buying an additional 39,096 shares during the last quarter. Geode Capital Management LLC raised its holdings in Belden by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,007,189 shares of the industrial products company’s stock valued at $117,405,000 after acquiring an additional 25,829 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Belden by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 514,968 shares of the industrial products company’s stock valued at $60,020,000 after acquiring an additional 31,167 shares during the period. 98.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BDC. DA Davidson began coverage on Belden in a report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price objective for the company. Truist Financial increased their target price on Belden from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings cut Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Finally, Citigroup initiated coverage on Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 price target for the company. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Belden has an average rating of “Moderate Buy” and a consensus target price of $158.75.

Belden Stock Up 0.3%

BDC stock opened at $115.73 on Friday. Belden Inc has a 52 week low of $101.00 and a 52 week high of $159.99. The business has a 50-day simple moving average of $113.89 and a 200 day simple moving average of $120.96. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.98. The company has a market cap of $4.51 billion, a PE ratio of 19.48 and a beta of 1.12.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.07. Belden had a net margin of 8.49% and a return on equity of 24.47%. The firm had revenue of $696.38 million for the quarter, compared to the consensus estimate of $677.03 million. During the same period in the prior year, the company posted $1.60 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Sell-side analysts anticipate that Belden Inc will post 8.22 EPS for the current fiscal year.

Belden Announces Dividend

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