Legal & General Group Plc Purchases Shares of 54,015 Belden Inc $BDC

Legal & General Group Plc acquired a new position in shares of Belden Inc (NYSE:BDC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 54,015 shares of the industrial products company’s stock, valued at approximately $6,477,000.

A number of other institutional investors also recently made changes to their positions in BDC. Crossmark Global Holdings Inc. increased its stake in shares of Belden by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. grew its holdings in Belden by 10.0% in 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 buying an additional 102 shares in the last quarter. Smartleaf Asset Management LLC increased its position 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 buying an additional 106 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Belden by 3.8% during the second quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock worth $452,000 after buying an additional 142 shares in the last quarter. Finally, Vise Technologies Inc. lifted its holdings in shares of Belden by 2.1% during the third quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock worth $849,000 after buying an additional 144 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

BDC has been the topic of several research reports. Citigroup started coverage on shares of Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 price target on the stock. Truist Financial restated a “buy” rating and set a $145.00 target price (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Weiss Ratings cut shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen cut Belden from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $160.00.

Belden Stock Performance

Belden stock opened at $116.06 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.54 billion, a PE ratio of 18.87 and a beta of 1.09. Belden Inc has a 12-month low of $98.00 and a 12-month high of $159.99. The business’s 50-day moving average price is $116.78 and its two-hundred day moving average price is $119.52.

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

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a $0.05 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden’s dividend payout ratio (DPR) is currently 3.25%.

About Belden

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.