Ceredex Value Advisors LLC Sells 7,671 Shares of Belden Inc $BDC

Ceredex Value Advisors LLC cut its holdings in shares of Belden Inc (NYSE:BDC) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,650 shares of the industrial products company’s stock after selling 7,671 shares during the period. Ceredex Value Advisors LLC owned approximately 0.31% of Belden worth $14,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Polen Capital Management LLC raised its holdings in shares of Belden by 26.8% during the first quarter. Polen Capital Management LLC now owns 30,665 shares of the industrial products company’s stock valued at $3,074,000 after purchasing an additional 6,483 shares during the last quarter. Citigroup Inc. grew its position in Belden by 74.0% in the 1st quarter. Citigroup Inc. now owns 68,015 shares of the industrial products company’s stock worth $6,819,000 after purchasing an additional 28,936 shares during the period. Summit Financial LLC purchased a new stake in Belden during the 1st quarter valued at $231,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Belden by 2.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,071,846 shares of the industrial products company’s stock valued at $126,328,000 after buying an additional 28,336 shares during the period. Finally, Entropy Technologies LP lifted its holdings in shares of Belden by 108.1% during the 1st quarter. Entropy Technologies LP now owns 4,995 shares of the industrial products company’s stock valued at $501,000 after buying an additional 2,595 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Belden Stock Performance

Shares of BDC opened at $113.44 on Friday. The business has a 50-day simple moving average of $116.66 and a two-hundred day simple moving average of $118.96. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. Belden Inc has a 52 week low of $83.18 and a 52 week high of $133.77. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 20.55 and a beta of 1.26.

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

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s dividend payout ratio is 3.55%.

Analyst Upgrades and Downgrades

Several analysts recently commented on BDC shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th. Benchmark upped their price target on shares of Belden from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Belden from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.67.

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.