Investmark Advisory Group LLC Buys Shares of 5,331 Belden Inc $BDC

Investmark Advisory Group LLC bought a new stake in shares of Belden Inc (NYSE:BDC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,331 shares of the industrial products company’s stock, valued at approximately $639,000.

A number of other hedge funds have also made changes to their positions in the stock. Crossmark Global Holdings Inc. increased its stake in shares of Belden by 4.6% in the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock worth $275,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Belden by 10.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 102 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Belden by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 106 shares in the last quarter. Captrust Financial Advisors grew its holdings in Belden by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock worth $452,000 after acquiring an additional 142 shares in the last quarter. Finally, Vise Technologies Inc. increased its position in shares of Belden by 2.1% in the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Performance

Belden stock opened at $129.25 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. Belden Inc has a 12 month low of $98.00 and a 12 month high of $159.99. The company has a fifty day moving average price of $116.53 and a two-hundred day moving average price of $120.62. The company has a market cap of $5.05 billion, a PE ratio of 21.02 and a beta of 1.12.

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

Belden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden’s dividend payout ratio is currently 3.25%.

Analysts Set New Price Targets

BDC has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Wall Street Zen raised Belden from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. DA Davidson began coverage on Belden in a research note on Tuesday, June 16th. They set a “buy” rating and a $155.00 price objective on the stock. Finally, Truist Financial reaffirmed a “buy” rating and set a $145.00 target price (down from $155.00) on shares of Belden in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $156.25.

Belden Profile

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.