Norges Bank Takes $57.30 Million Position in Belden Inc $BDC

Norges Bank bought a new stake in shares of Belden Inc (NYSE:BDC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 491,600 shares of the industrial products company’s stock, valued at approximately $57,296,000.

Other institutional investors have also recently modified their holdings of the company. Millennium Management LLC raised its holdings in shares of Belden by 9.6% during the 1st quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company’s stock worth $7,906,000 after buying an additional 6,894 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Belden during the 1st quarter worth $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Belden by 8.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company’s stock worth $13,214,000 after buying an additional 10,077 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Belden by 18.3% during the 1st quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company’s stock worth $5,817,000 after buying an additional 8,961 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Belden by 273.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company’s stock worth $399,000 after buying an additional 2,918 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BDC. Benchmark boosted their price target on Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Weiss Ratings cut Belden from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.50.

Belden Trading Down 0.1%

Shares of BDC stock opened at $106.11 on Monday. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 17.86 and a beta of 1.15. The stock has a 50-day moving average of $116.18 and a 200-day moving average of $120.90. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.98. Belden Inc has a 1-year low of $101.00 and a 1-year high of $159.99.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.07. The company had revenue of $696.38 million during the quarter, compared to analysts’ expectations of $677.03 million. Belden had a return on equity of 24.47% and a net margin of 8.49%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. On average, equities research analysts forecast that Belden Inc will post 8.22 earnings per share for the current year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s dividend payout ratio is presently 3.37%.

Belden Company 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.