Belden Inc $BDC Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Belden Inc (NYSE:BDC) by 18.2% during the first quarter, Holdings Channel reports. The firm owned 30,798 shares of the industrial products company’s stock after acquiring an additional 4,734 shares during the quarter. First Trust Advisors LP’s holdings in Belden were worth $3,537,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in BDC. Caitong International Asset Management Co. Ltd grew its stake in Belden by 12,950.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after buying an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after buying an additional 165 shares during the period. Fairscale Capital LLC purchased a new stake in Belden in the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC lifted its stake in Belden by 32.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock valued at $52,000 after buying an additional 106 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in shares of Belden by 208.1% in the fourth quarter. Clearstead Advisors LLC now owns 530 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 358 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BDC has been the topic of a number of research reports. DA Davidson assumed coverage on shares of Belden in a research report on Tuesday, June 16th. They set a “buy” rating and a $155.00 target price on the stock. Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Truist Financial reissued a “buy” rating and set a $145.00 price objective (down from $155.00) on shares of Belden in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $156.25.

Belden Stock Performance

Shares of BDC opened at $128.17 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. Belden Inc has a 52-week low of $98.00 and a 52-week high of $159.99. The company has a 50-day simple moving average of $111.71 and a 200-day simple moving average of $119.51. The company has a market capitalization of $5.01 billion, a PE ratio of 20.84 and a beta of 1.13.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $746.75 million. During the same quarter in the previous year, the firm earned $1.89 earnings per share. The firm’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. Equities research analysts predict that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s payout ratio is 3.25%.

About Belden

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.