Phocas Financial Corp. Takes Position in Belden Inc $BDC

Phocas Financial Corp. acquired a new position in Belden Inc (NYSE:BDC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,254 shares of the industrial products company’s stock, valued at approximately $5,125,000. Phocas Financial Corp. owned approximately 0.11% of Belden as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Belden in the 2nd quarter valued at $58,000. Bank of New York Mellon Corp grew its holdings in shares of Belden by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 621,671 shares of the industrial products company’s stock valued at $71,989,000 after acquiring an additional 31,834 shares in the last quarter. Kesler Norman & Wride LLC increased its position in shares of Belden by 2.9% in the second quarter. Kesler Norman & Wride LLC now owns 8,122 shares of the industrial products company’s stock valued at $941,000 after acquiring an additional 228 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in Belden by 5.5% during the second quarter. AdvisorShares Investments LLC now owns 4,221 shares of the industrial products company’s stock worth $489,000 after acquiring an additional 221 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in Belden during the second quarter valued at approximately $273,000. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BDC shares. Wall Street Zen downgraded Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Belden in a research note on Friday, July 11th. Finally, Benchmark boosted their price objective on shares of Belden from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.67.

Belden Price Performance

NYSE:BDC opened at $120.37 on Thursday. The company has a market cap of $4.77 billion, a P/E ratio of 21.81 and a beta of 1.26. The firm’s fifty day moving average price is $122.36 and its two-hundred day moving average price is $117.83. Belden Inc has a one year low of $83.18 and a one year high of $133.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35.

Belden (NYSE:BDC) last posted its earnings results on Thursday, October 30th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The company had revenue of $698.22 million during the quarter, compared to analysts’ expectations of $679.61 million. Belden had a net margin of 8.60% and a return on equity of 23.29%. Belden’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities analysts expect that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s dividend payout ratio is presently 3.55%.

Belden Company Profile

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.