Belden Inc $BDC Shares Sold by CenterBook Partners LP

CenterBook Partners LP lessened its stake in Belden Inc (NYSE:BDC) by 42.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,007 shares of the industrial products company’s stock after selling 5,242 shares during the period. CenterBook Partners LP’s holdings in Belden were worth $843,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in shares of Belden by 9.6% in the 1st quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company’s stock worth $7,906,000 after purchasing an additional 6,894 shares during the last quarter. United Services Automobile Association acquired a new position in Belden in the first quarter worth about $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Belden by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company’s stock valued at $13,214,000 after buying an additional 10,077 shares during the last quarter. Jane Street Group LLC raised its stake in Belden by 18.3% during the first quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company’s stock valued at $5,817,000 after buying an additional 8,961 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Belden by 273.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company’s stock worth $399,000 after buying an additional 2,918 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jonathan C. Klein sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $124.19, for a total value of $372,570.00. Following the completion of the sale, the director directly owned 8,353 shares of the company’s stock, valued at approximately $1,037,359.07. This represents a 26.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Doug Zink sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $125.00, for a total transaction of $500,000.00. Following the transaction, the chief accounting officer owned 4,642 shares in the company, valued at $580,250. This represents a 46.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,045 shares of company stock worth $2,010,690 in the last quarter. Company insiders own 1.48% of the company’s stock.

Belden Price Performance

Shares of BDC opened at $145.68 on Friday. Belden Inc has a 12 month low of $83.18 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.93 and a quick ratio of 1.36. The stock has a fifty day moving average price of $124.41 and a 200 day moving average price of $122.11. The company has a market cap of $5.65 billion, a P/E ratio of 24.65 and a beta of 1.20.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, February 12th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.15. The company had revenue of $720.12 million during the quarter, compared to the consensus estimate of $696.97 million. Belden had a net margin of 8.75% and a return on equity of 24.43%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share. Belden has set its Q1 2026 guidance at 1.650-1.750 EPS. On average, research analysts forecast that Belden Inc will post 7.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their price target on Belden from $149.00 to $150.00 and gave the company a “buy” rating in a report on Friday, December 19th. Weiss Ratings raised shares of Belden from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Wall Street Zen upgraded shares of Belden from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, Benchmark increased their target price on shares of Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Belden presently has a consensus rating of “Buy” and a consensus target price of $148.33.

Belden Company Profile

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.