8,823 Belden Inc $BDC Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its position in Belden Inc (NYSE:BDC) by 5.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 145,408 shares of the industrial products company’s stock after selling 8,823 shares during the period. Leeward Investments LLC MA’s holdings in Belden were worth $15,694,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Belden in the second quarter worth $616,536,000. Bank of New York Mellon Corp purchased a new position in shares of Belden during the 2nd quarter valued at $35,834,000. Bank of America Corp DE grew its stake in shares of Belden by 9.4% during the 1st quarter. Bank of America Corp DE now owns 238,651 shares of the industrial products company’s stock worth $27,404,000 after acquiring an additional 20,465 shares during the period. William Blair Investment Management LLC bought a new position in shares of Belden during the 2nd quarter worth $21,361,000. Finally, Sei Investments Co. grew its stake in shares of Belden by 9.4% during the 1st quarter. Sei Investments Co. now owns 155,869 shares of the industrial products company’s stock worth $17,898,000 after acquiring an additional 13,350 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BDC. Needham & Company LLC started coverage on Belden in a report on Wednesday, September 23rd. They issued a “buy” rating and a $140.00 price objective for the company. Weiss Ratings raised shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Zacks Research lowered shares of Belden from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Finally, Truist Financial reiterated a “buy” rating and issued a $145.00 target price (down from $155.00) on shares of Belden in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Belden Trading Up 0.2%

NYSE:BDC opened at $104.39 on Monday. Belden Inc has a 1 year low of $98.00 and a 1 year high of $159.99. The stock’s fifty day moving average price is $113.66 and its two-hundred day moving average price is $115.18. 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 company has a market cap of $4.08 billion, a P/E ratio of 16.97 and a beta of 1.13.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.32. The company 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%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, analysts expect that Belden Inc will post 8.69 EPS for the current year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were issued 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 of this dividend was Wednesday, September 16th. Belden’s payout ratio is presently 3.25%.

About Belden

Belden Inc (NYSE: BDC) is a global provider of signal transmission and networking solutions. The company designs and manufactures products that support the secure movement of data, audio and video across enterprise, industrial and broadcast environments.

Its product portfolio includes copper and fiber-optic cable, connectors, patching and rack systems, industrial Ethernet equipment, network infrastructure, cybersecurity and software-enabled solutions. Belden’s offerings are used in applications such as industrial automation, transportation, energy, enterprise networking, data centers, smart buildings and professional broadcasting.

Founded in 1902, Belden serves customers through operations and distribution channels spanning North America, Europe, Asia and other international markets.