Truist Financial Corp Has $356,000 Stock Holdings in Belden Inc $BDC

Truist Financial Corp cut its holdings in shares of Belden Inc (NYSE:BDC) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,076 shares of the industrial products company’s stock after selling 216 shares during the period. Truist Financial Corp’s holdings in Belden were worth $356,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Xponance Inc. lifted its position in shares of Belden by 1.7% in the 1st quarter. Xponance Inc. now owns 5,839 shares of the industrial products company’s stock worth $585,000 after purchasing an additional 99 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Belden by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company’s stock worth $1,133,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC lifted its position in shares of Belden by 34.7% in 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 during the period. State of Alaska Department of Revenue lifted its position in shares of Belden by 0.3% in the 1st quarter. State of Alaska Department of Revenue now owns 34,717 shares of the industrial products company’s stock worth $3,479,000 after purchasing an additional 115 shares during the period. Finally, Covestor Ltd lifted its position in shares of Belden by 23.5% in 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 during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BDC. Wall Street Zen lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Belden in a research note on Friday, July 11th. Benchmark lifted their price objective on shares of Belden from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Belden in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.50.

Belden Stock Performance

Shares of BDC stock opened at $112.18 on Friday. The firm has a market capitalization of $4.44 billion, a PE ratio of 20.32 and a beta of 1.26. The firm has a fifty day simple moving average of $124.54 and a two-hundred day simple moving average of $115.16. The company has a current ratio of 1.99, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03. Belden Inc has a 12 month low of $83.18 and a 12 month high of $133.77.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $671.99 million during the quarter, compared to analyst estimates of $654.82 million. Belden had a net margin of 8.60% and a return on equity of 23.29%. Belden’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Analysts forecast that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, September 11th. Belden’s payout ratio is 3.62%.

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.