Belden Inc $BDC Shares Sold by Southernsun Asset Management LLC

Southernsun Asset Management LLC lowered its position in Belden Inc (NYSE:BDC) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,377 shares of the industrial products company’s stock after selling 22,599 shares during the period. Belden comprises 4.3% of Southernsun Asset Management LLC’s holdings, making the stock its 10th largest position. Southernsun Asset Management LLC’s holdings in Belden were worth $29,669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of Belden by 15.0% during the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock valued at $24,882,000 after purchasing an additional 27,827 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in Belden during the 4th quarter worth approximately $1,166,000. Pier Capital LLC acquired a new stake in Belden during the 4th quarter worth approximately $7,473,000. Leeward Investments LLC MA raised its holdings in Belden by 5.3% during the 1st quarter. Leeward Investments LLC MA now owns 137,376 shares of the industrial products company’s stock worth $15,775,000 after buying an additional 6,923 shares during the period. Finally, M&T Bank Corp bought a new position in Belden in the fourth quarter valued at approximately $1,466,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BDC shares. Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Citigroup began coverage on shares of Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 price objective on the stock. Wall Street Zen raised shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday. DA Davidson began coverage on Belden in a research note on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, Weiss Ratings upgraded Belden from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Belden currently has a consensus rating of “Buy” and a consensus target price of $158.75.

Belden Price Performance

NYSE BDC opened at $101.97 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.98. Belden Inc has a 12-month low of $98.00 and a 12-month high of $159.99. The company has a market capitalization of $3.97 billion, a PE ratio of 17.17 and a beta of 1.12. The firm’s 50 day moving average is $110.22 and its 200-day moving average is $119.81.

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

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Tuesday, June 16th were given 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 yield of 0.2%. Belden’s payout ratio is 3.37%.

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.