Rithm Capital Corp. Makes New $1.17 Million Investment in Belden Inc $BDC

Rithm Capital Corp. bought a new stake in shares of Belden Inc (NYSE:BDC) in the first quarter, Holdings Channel reports. The fund bought 10,150 shares of the industrial products company’s stock, valued at approximately $1,166,000. Belden makes up approximately 1.7% of Rithm Capital Corp.’s holdings, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of BDC. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Belden by 12,950.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after buying an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 165 shares in the last quarter. Fairscale Capital LLC purchased a new position in Belden during the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC increased 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 during the period. Finally, Torren Management LLC bought a new stake in Belden during the 4th quarter worth approximately $62,000. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BDC has been the subject of several analyst reports. Fox Advisors raised shares of Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Citigroup initiated coverage on shares of Belden in a research report on Friday, June 26th. They issued a “buy” rating and a $150.00 price objective on the stock. Truist Financial raised their target price on shares of Belden from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. DA Davidson began coverage on shares of Belden in a research report on Tuesday, June 16th. They set a “buy” rating and a $155.00 target price for the company. Finally, Weiss Ratings upgraded shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $158.75.

Belden Price Performance

Shares of Belden stock opened at $105.82 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.09 and a quick ratio of 1.40. The business’s 50 day simple moving average is $109.97 and its two-hundred day simple moving average is $119.44. The stock has a market capitalization of $4.12 billion, a P/E ratio of 17.81 and a beta of 1.12. Belden Inc has a one year low of $98.00 and a one year high of $159.99.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.07. The firm had revenue of $696.38 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. 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. Analysts forecast that Belden Inc will post 8.22 EPS for the current year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Tuesday, June 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 16th. Belden’s dividend payout ratio is currently 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.