Jupiter Topco LLC Purchases Shares of 34,464 Belden Inc $BDC

Jupiter Topco LLC acquired a new position in Belden Inc (NYSE:BDC) during the second quarter, HoldingsChannel reports. The institutional investor acquired 34,464 shares of the industrial products company’s stock, valued at approximately $4,135,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC purchased a new position in shares of Belden in the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its stake in Belden by 12,950.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 165 shares during the last quarter. Allworth Financial LP bought a new position in Belden during the second quarter valued at $35,000. Finally, Fairscale Capital LLC purchased a new position in shares of Belden in the 4th quarter worth $51,000. 98.75% of the stock is currently owned by institutional investors.

Belden Price Performance

BDC opened at $112.14 on Wednesday. The business has a fifty day moving average of $116.82 and a 200 day moving average of $119.76. The stock has a market cap of $4.38 billion, a P/E ratio of 18.23 and a beta of 1.09. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. Belden Inc has a 52-week low of $98.00 and a 52-week high of $159.99.

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

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.05 per share. 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 presently 3.25%.

Wall Street Analysts Forecast Growth

BDC has been the topic of a number of research reports. Citigroup initiated coverage on shares of Belden in a report on Friday, June 26th. They issued a “buy” rating and a $150.00 target price on the stock. Truist Financial reiterated a “buy” rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Wall Street Zen cut Belden from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average 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.