Amalgamated Bank Has $2.02 Million Holdings in Belden Inc $BDC

Amalgamated Bank lessened its position in shares of Belden Inc (NYSE:BDC) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,397 shares of the industrial products company’s stock after selling 614 shares during the quarter. Amalgamated Bank’s holdings in Belden were worth $2,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Maseco LLP acquired a new stake in shares of Belden during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC grew its holdings in shares of Belden by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 115 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Belden during the 1st quarter worth approximately $47,000. Covestor Ltd grew its holdings in shares of Belden by 23.5% during the 1st quarter. Covestor Ltd now owns 636 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 121 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Belden by 195.2% during the 2nd quarter. UMB Bank n.a. now owns 552 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

BDC has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Belden in a research note on Friday, July 11th. Benchmark boosted their price target on Belden from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Wall Street Zen lowered Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.67.

Belden Trading Up 2.2%

Shares of BDC opened at $120.37 on Thursday. The stock has a fifty day moving average price of $122.36 and a two-hundred day moving average price of $117.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. Belden Inc has a 52-week low of $83.18 and a 52-week high of $133.77. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 21.81 and a beta of 1.26.

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

Belden Announces Dividend

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

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.