Leeward Investments LLC MA Increases Stake in Belden Inc $BDC

Leeward Investments LLC MA increased its holdings in Belden Inc (NYSE:BDC) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,376 shares of the industrial products company’s stock after purchasing an additional 6,923 shares during the quarter. Leeward Investments LLC MA’s holdings in Belden were worth $15,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Belden by 1.9% in the third quarter. Vanguard Group Inc. now owns 4,893,012 shares of the industrial products company’s stock worth $588,483,000 after buying an additional 93,274 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Belden by 25.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,225,244 shares of the industrial products company’s stock valued at $375,903,000 after purchasing an additional 663,241 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Belden by 15.0% during the fourth quarter. Wellington Management Group LLP now owns 1,685,750 shares of the industrial products company’s stock valued at $196,474,000 after purchasing an additional 219,695 shares during the period. Invesco Ltd. grew its holdings in shares of Belden by 4.0% in the third quarter. Invesco Ltd. now owns 1,015,651 shares of the industrial products company’s stock worth $122,152,000 after purchasing an additional 39,096 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Belden by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,007,189 shares of the industrial products company’s stock worth $117,405,000 after buying an additional 25,829 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Trading Down 2.4%

Shares of NYSE BDC opened at $118.74 on Wednesday. The firm’s 50 day moving average price is $115.80 and its 200-day moving average price is $121.22. Belden Inc has a 52-week low of $101.00 and a 52-week high of $159.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09. The company has a market cap of $4.62 billion, a PE ratio of 19.99 and a beta of 1.15.

Belden (NYSE:BDC) last announced 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. Belden had a net margin of 8.49% and a return on equity of 24.47%. The company had revenue of $696.38 million during the quarter, compared to the consensus estimate of $677.03 million. During the same quarter last year, the firm earned $1.60 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. On average, equities research analysts expect that Belden Inc will post 8.11 EPS for the current fiscal year.

Belden Announces Dividend

The firm 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 is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s payout ratio is currently 3.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BDC shares. DA Davidson initiated coverage on shares of Belden in a report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price target on the stock. Weiss Ratings downgraded shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $160.00.

Belden 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.