Renaissance Group LLC Purchases 13,911 Shares of Belden Inc $BDC

Renaissance Group LLC grew its holdings in shares of Belden Inc (NYSE:BDC) by 29.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 60,533 shares of the industrial products company’s stock after buying an additional 13,911 shares during the period. Renaissance Group LLC’s holdings in Belden were worth $7,010,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BDC. Verdence Capital Advisors LLC lifted its stake in shares of Belden by 1.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,223 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 78 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Belden by 6.7% during the second quarter. Blue Trust Inc. now owns 1,922 shares of the industrial products company’s stock worth $223,000 after purchasing an additional 120 shares during the last quarter. Covestor Ltd boosted its stake in shares of Belden by 23.5% during the first quarter. Covestor Ltd now owns 636 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 121 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in shares of Belden by 5.5% during the first quarter. Ashton Thomas Private Wealth LLC now owns 2,403 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 126 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Belden by 30.9% in the second quarter. GAMMA Investing LLC now owns 584 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 138 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Trading Down 0.7%

NYSE BDC opened at $108.15 on Wednesday. Belden Inc has a one year low of $83.18 and a one year high of $133.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 19.59 and a beta of 1.26. The company’s 50-day simple moving average is $119.68 and its two-hundred day simple moving average is $118.86.

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

Belden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th were issued 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 was Thursday, September 11th. Belden’s dividend payout ratio (DPR) is currently 3.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BDC shares. Benchmark lifted their price objective on shares of Belden from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Belden in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Belden from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 3rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.67.

About Belden

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.