Moody National Bank Trust Division Buys 8,211 Shares of Belden Inc $BDC

Moody National Bank Trust Division boosted its position in shares of Belden Inc (NYSE:BDC) by 66.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,636 shares of the industrial products company’s stock after purchasing an additional 8,211 shares during the quarter. Moody National Bank Trust Division’s holdings in Belden were worth $2,474,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BDC. Caitong International Asset Management Co. Ltd increased its stake in shares of Belden by 12,950.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock valued at $31,000 after buying an additional 259 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 valued at $33,000 after acquiring an additional 165 shares during the period. Fairscale Capital LLC bought a new position in Belden in the fourth quarter valued at about $51,000. Smartleaf Asset Management LLC boosted its holdings in Belden by 32.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 106 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in Belden in the fourth quarter worth about $62,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BDC. Weiss Ratings cut Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Fox Advisors raised shares of Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Citigroup began coverage on shares of Belden in a research report on Friday, June 26th. They set a “buy” rating and a $150.00 price target for the company. Truist Financial reissued a “buy” rating and set a $145.00 price target (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Belden from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Belden has an average rating of “Buy” and an average price target of $156.25.

Belden Trading Up 3.9%

NYSE:BDC opened at $127.48 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. The business’s 50-day simple moving average is $111.30 and its 200-day simple moving average is $119.47. Belden Inc has a fifty-two week low of $98.00 and a fifty-two week high of $159.99. The stock has a market capitalization of $4.98 billion, a PE ratio of 20.73 and a beta of 1.13.

Belden (NYSE:BDC) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. The business had revenue of $750.16 million during the quarter, compared to analysts’ expectations of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.Belden’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Sell-side analysts expect that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Tuesday, June 16th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden’s dividend payout ratio is presently 3.25%.

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.