11,400 Shares in Belden Inc $BDC Bought by Louisiana State Employees Retirement System

by · The Markets Daily

Louisiana State Employees Retirement System bought a new position in shares of Belden Inc (NYSE:BDC – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,400 shares of the industrial products company’s stock, valued at approximately $1,309,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Belden by 12,950.0% during the third 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 period. EverSource Wealth Advisors LLC grew its holdings in shares of 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 in the last quarter. Fairscale Capital LLC acquired a new stake in Belden in the 4th quarter valued at approximately $51,000. Smartleaf Asset Management LLC raised its position in Belden by 32.0% in the 4th 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 lifted its stake in Belden by 208.1% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Performance

Shares of BDC opened at $115.73 on Friday. The company has a market cap of $4.51 billion, a PE ratio of 19.48 and a beta of 1.12. The firm has a 50-day moving average of $113.89 and a 200-day moving average of $120.96. Belden Inc has a one year low of $101.00 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.09 and a quick ratio of 1.40.

Belden (NYSE:BDC – Get Free Report) last issued its earnings results on Thursday, April 30th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.07. Belden had a net margin of 8.49% and a return on equity of 24.47%. The company had revenue of $696.38 million for the quarter, compared to analysts’ expectations of $677.03 million. During the same period in the prior year, the firm earned $1.60 EPS. Belden’s quarterly revenue was up 11.4% compared to the same quarter last year. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. As a group, equities analysts forecast that Belden Inc will post 8.22 earnings per share for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Belden’s dividend payout ratio (DPR) is presently 3.37%.

Analyst Ratings Changes

A number of equities analysts have weighed in on BDC shares. Weiss Ratings downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Citigroup began coverage on shares of Belden in a research report on Friday, June 26th. They issued a “buy” rating and a $150.00 price objective on the stock. DA Davidson started coverage on shares of Belden in a report on Tuesday, June 16th. They set a “buy” rating and a $155.00 target price for the company. Finally, Truist Financial raised their target price on shares of Belden from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Belden currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.75.

Get Our Latest Research Report on BDC

Belden Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding BDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belden Inc (NYSE:BDC – Free Report).