Retirement Systems of Alabama Sells 738 Shares of Belden Inc $BDC

Retirement Systems of Alabama decreased its stake in Belden Inc (NYSE:BDC) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,202 shares of the industrial products company’s stock after selling 738 shares during the period. Retirement Systems of Alabama owned about 0.51% of Belden worth $23,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Verdence Capital Advisors LLC grew its holdings 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 valued at $489,000 after purchasing an additional 78 shares during the last quarter. Xponance Inc. grew its holdings in shares of Belden by 1.7% during the 1st quarter. Xponance Inc. now owns 5,839 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Belden by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company’s stock valued at $1,133,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Belden by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 115 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Belden by 6.7% during the 2nd quarter. Blue Trust Inc. now owns 1,922 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Belden Trading Down 0.3%

Shares of BDC opened at $121.95 on Friday. The stock has a market capitalization of $4.83 billion, a P/E ratio of 22.09 and a beta of 1.26. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $123.15 and a two-hundred day simple moving average of $117.15. Belden Inc has a twelve month low of $83.18 and a twelve month high of $133.77.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, October 30th. The industrial products company reported $1.97 earnings per share for the quarter, beating 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 business had revenue of $698.22 million during the quarter, compared to analysts’ expectations of $679.61 million. During the same quarter in the prior year, the company posted $1.70 EPS. The firm’s revenue for the quarter 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, research analysts anticipate that Belden Inc will post 7.07 EPS for the current year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, September 11th. Belden’s dividend payout ratio (DPR) is currently 3.55%.

Wall Street Analysts Forecast Growth

BDC has been the topic of several recent research reports. Benchmark increased their target price on shares of Belden from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Belden in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Belden in a research report on Friday, July 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.