Southernsun Asset Management LLC Has $37.10 Million Position in Belden Inc $BDC

Southernsun Asset Management LLC trimmed its stake in shares of Belden Inc (NYSE:BDC) by 27.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,416 shares of the industrial products company’s stock after selling 124,059 shares during the period. Belden comprises about 5.2% of Southernsun Asset Management LLC’s portfolio, making the stock its 6th largest position. Southernsun Asset Management LLC’s holdings in Belden were worth $37,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Maseco LLP bought a new position in Belden during the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after buying an additional 165 shares during the period. Employees Retirement System of Texas acquired a new position in shares of Belden during the second quarter worth about $52,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Belden during the second quarter worth about $58,000. Finally, Covestor Ltd raised its position in Belden by 23.5% in the 1st quarter. Covestor Ltd now owns 636 shares of the industrial products company’s stock valued at $64,000 after buying an additional 121 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Price Performance

Shares of NYSE BDC opened at $123.16 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.37. The business has a 50-day moving average of $115.69 and a 200-day moving average of $119.37. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 21.88 and a beta of 1.19. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $133.77.

Belden (NYSE:BDC) last released its 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 return on equity of 23.95% and a net margin of 8.57%.The business had revenue of $698.22 million for the quarter, compared to analyst estimates of $679.61 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. Belden’s revenue was up 6.6% on a year-over-year basis. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, sell-side analysts predict that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be issued 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 is Thursday, December 11th. Belden’s dividend payout ratio is presently 3.55%.

Wall Street Analyst Weigh In

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

Insider Activity at Belden

In related news, SVP Leah Tate sold 2,554 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $120.00, for a total value of $306,480.00. Following the completion of the transaction, the senior vice president directly owned 27,835 shares of the company’s stock, valued at approximately $3,340,200. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Hiran Bhadra sold 1,600 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $120.00, for a total transaction of $192,000.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.48% of the company’s stock.

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.