Insider Selling: Belden (NYSE:BDC) SVP Sells 1,600 Shares of Stock

Belden Inc (NYSE:BDC) SVP Hiran Bhadra sold 1,600 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $120.00, for a total value of $192,000.00. Following the completion of the sale, the senior vice president owned 26,119 shares in the company, valued at approximately $3,134,280. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Belden Stock Up 1.0%

Shares of BDC stock traded up $1.18 during trading hours on Monday, reaching $123.16. 302,012 shares of the stock were exchanged, compared to its average volume of 277,828. The business’s fifty day moving average is $115.64 and its two-hundred day moving average is $119.26. The firm has a market capitalization of $4.84 billion, a P/E ratio of 21.88 and a beta of 1.19. Belden Inc has a 12-month low of $83.18 and a 12-month high of $133.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.37.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The business had revenue of $698.22 million for the quarter, compared to analyst estimates of $679.61 million. Belden had a net margin of 8.57% and a return on equity of 23.95%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, research analysts expect that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, December 11th. Belden’s dividend payout ratio is 3.55%.

Hedge Funds Weigh In On Belden

A number of hedge funds and other institutional investors have recently bought and sold shares of BDC. Maseco LLP acquired a new stake in shares of Belden in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in Belden by 12,950.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Belden by 134.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 165 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Belden by 234.3% during the third quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock worth $40,000 after buying an additional 232 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new position in Belden in the 2nd quarter valued at approximately $52,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Belden in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.67.

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.