Oppenheimer Asset Management Inc. Sells 4,455 Shares of Belden Inc $BDC

Oppenheimer Asset Management Inc. decreased its position in Belden Inc (NYSE:BDC) by 24.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,444 shares of the industrial products company’s stock after selling 4,455 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Belden were worth $1,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Belden by 34.7% in the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 115 shares during the last quarter. Novem Group purchased a new stake in Belden in the 1st quarter worth approximately $454,000. First Horizon Advisors Inc. lifted its holdings in Belden by 26.8% in the 1st quarter. First Horizon Advisors Inc. now owns 804 shares of the industrial products company’s stock worth $81,000 after buying an additional 170 shares during the period. Principal Financial Group Inc. grew its position in shares of Belden by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 108,615 shares of the industrial products company’s stock worth $10,889,000 after buying an additional 648 shares during the last quarter. Finally, Leeward Investments LLC MA increased its stake in shares of Belden by 16.5% during the first quarter. Leeward Investments LLC MA now owns 79,025 shares of the industrial products company’s stock valued at $7,922,000 after buying an additional 11,171 shares during the period. 98.75% of the stock is owned by institutional investors.

Belden Stock Performance

Shares of Belden stock opened at $122.18 on Friday. Belden Inc has a 12 month low of $83.18 and a 12 month high of $133.77. The firm has a market capitalization of $4.84 billion, a P/E ratio of 22.13 and a beta of 1.26. The company has a current ratio of 1.99, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03. The business has a fifty day simple moving average of $123.34 and a two-hundred day simple moving average of $116.96.

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

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, September 11th. Belden’s dividend payout ratio (DPR) is presently 3.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BDC shares. Benchmark raised their price target on Belden from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. The Goldman Sachs Group restated a “buy” rating on shares of Belden in a report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Belden in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Belden presently has an average rating of “Moderate Buy” and a consensus target price of $136.50.

Belden Company Profile

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.