elden Inc., a global leader in high-quality, end-to-end signal transmission solutions, delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today's applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia.
Company profile
Ticker
BDC
Exchange
Website
CEO
John Stroup
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BELDEN CDT INC., CABLE DESIGN TECHNOLOGIES CORP
SEC CIK
Corporate docs
Subsidiaries
by Belden Inc. • BDX Mexico Holdings • Belden 1993 LLC • Belden AB • Belden Asia (Hong Kong) Limited • Belden Asia (Thailand) Company Limited • Belden Australia Pty Ltd. • Belden Canada Finance • Belden Canada Holding B.V. • Belden Canada ULC ...
IRS number
363601505
BDC stock data
News
'Let's Just Stick With Morgan Stanley': Why Jim Cramer Says No To These Bank Stocks
28 Jun 22
Belden Expects To Reaffirm FY22 Guidance At Investor Day; Sees Q2 Adj. EPS $1.35-$1.45, FY22 Adj. EPS $5.55-$5.85, FY22 Sales $625M-$640M
15 Jun 22
Recap: Belden Q1 Earnings
4 May 22
Belden Q1 EPS $1.31 Beats $1.09 Estimate, Sales $610.40M Beat $571.84M Estimate
4 May 22
Earnings Scheduled For May 4, 2022
4 May 22
Press releases
PPC Broadband, a Belden Brand, Announces the Opening of Advanced Design and Manufacturing Facility in Kochi, India
16 Jun 22
Belden Launches Expanded Industrial Edge Solution with New Features and More to Come
15 Jun 22
Belden to Hold 2022 Investor Day Today and Reaffirm 2022 Guidance
15 Jun 22
Belden Releases First Set of Environmental, Social and Governance Data
14 Jun 22
Belden Declares Quarterly Dividend
25 May 22
Analyst ratings and price targets
Current price
Average target
$60.00
Low target
$55.00
High target
$65.00
Goldman Sachs
Upgraded
$55.00
Truist Securities
Maintains
$65.00
Calendar
9 May 22
2 Jul 22
31 Dec 22
Financial summary
| Quarter (USD) | Apr 22 | Dec 21 | Oct 21 | Jul 21 | |
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Cost of revenue | |||||
| Operating income | |||||
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 559.58M | 559.58M | 559.58M | 559.58M | 559.58M | 559.58M |
| Cash burn (monthly) | 28.06M | (no burn) | (no burn) | (no burn) | 19.32M | (no burn) |
| Cash used (since last report) | 84.13M | n/a | n/a | n/a | 57.92M | n/a |
| Cash remaining | 475.46M | n/a | n/a | n/a | 501.66M | n/a |
| Runway (months of cash) | 16.9 | n/a | n/a | n/a | 26.0 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Jun 22 | Chand Ashish | Common Stock | Buy | Acquire P | No | No | 50.3599 | 9,949 | 501.03K | 55,772 |
| 25 May 22 | Aldrich David J | Common Stock | Grant | Acquire A | No | No | 0 | 3,571 | 0 | 55,641 |
| 25 May 22 | Balk Lance C | Common Stock | Grant | Acquire A | No | No | 0 | 2,655 | 0 | 77,866 |
| 25 May 22 | Berglund Steven W | Common Stock | Grant | Acquire A | No | No | 0 | 2,655 | 0 | 26,463 |
| 25 May 22 | Brink Diane D | Common Stock | Grant | Acquire A | No | No | 0 | 2,655 | 0 | 18,783 |
Institutional ownership, Q1 2022
99.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 240 |
| Opened positions | 27 |
| Closed positions | 27 |
| Increased positions | 79 |
| Reduced positions | 99 |
| 13F shares | Current |
|---|---|
| Total value | 2.45B |
| Total shares | 44.16M |
| Total puts | 0 |
| Total calls | 4.5K |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 4.88M | $270.4M |
| Vanguard | 4.4M | $243.7M |
| TROW T. Rowe Price | 3.25M | $179.81M |
| Victory Capital Management | 2.29M | $126.64M |
| Alliancebernstein | 1.94M | $107.53M |
| PZN Pzena Investment Management | 1.87M | $103.44M |
| Boston Partners | 1.46M | $80.38M |
| STT State Street | 1.43M | $79.29M |
| Dimensional Fund Advisors | 1.39M | $76.91M |
| Allspring Global Investments | 1.36M | $75.35M |
Financial report summary
?Risks
- The effects of the COVID-19 pandemic continued to materially affect how we and our customers operated our businesses in 2021, and the duration and extent to which this or future epidemics, pandemics or other major disasters will impact our future results of operations and overall financial performance remains uncertain.
- Our revenue for any particular period can be difficult to forecast.
Management Discussion
- Revenues increased $101.7 million in the three months ended April 3, 2022 from the comparable period of 2021 due to the following factors:
- •Higher sales volume and favorable pricing from industrial automation, smart buildings, and broadband & 5G products resulted in a $97.4 million increase in revenues.
- •Higher copper pass-through pricing had a $13.9 million favorable impact on revenues.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Good
|
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New words:
accrual, Alabama, Anniston, Berlin, Bern, Communication, composition, divest, fast, franc, GmbH, headquartered, HFC, inception, intelligent, macmon, NetModule, plaintiff, proven, request, RF, satisfaction, stayed, suspended, Switzerland, traffic, transportation, Tripwire, Unregistered, zoning
Removed:
accounted, achieving, adding, amendment, amortizing, back, backlog, Belgium, Carlo, ceased, closing, contingency, cumulative, deconsolidated, depreciating, earnout, easy, evaluating, exercised, experienced, forma, fully, hardware, harsh, holder, Importantly, informational, mature, Monte, necessarily, noncash, October, Olen, ordered, organizational, PIK, post, pro, productivity, proprietary, prospectively, purport, put, real, recording, recovery, represented, reserved, seller, ship, software, SPC, specialist, sum, tailored, Topic, turnover, unaudited, voluntary, wrote
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
26 May 22
8-K
Belden Reports Strong Results for First Quarter 2022
4 May 22
8-K
Departure of Directors or Certain Officers
18 Mar 22
8-K
Belden Announces Completion of Tripwire Divestiture
23 Feb 22
8-K
Belden Reports Strong Results for Fourth Quarter and Full Year 2021 and Announces a Definitive Agreement to Divest Tripwire
9 Feb 22
8-K
Belden Appoints Gregory McCray to Board of Directors
2 Feb 22
8-K
Belden Reports Strong Results for Third Quarter 2021
3 Nov 21
8-K
Belden Reports Strong Results for Second Quarter 2021
4 Aug 21
8-K
Entry into a Material Definitive Agreement
3 Aug 21
8-K
Belden Announces €300 Million Private Offering of
19 Jul 21
Registration and prospectus
S-8
Registration of securities for employees
27 May 21
S-8
Registration of securities for employees
27 May 21
S-8
Registration of securities for employees
12 Jun 20
25-NSE
Exchange delisting
15 Jul 19
S-3ASR
Automatic shelf registration
29 Mar 19
S-8
Registration of securities for employees
15 Mar 17
8-A12B/A
Registration of securities on exchange (amended)
8 Dec 16
8-A12B
Registration of securities on exchange
25 Jul 16
424B2
Prospectus for primary offering
20 Jul 16
FWP
Free writing prospectus
20 Jul 16
Other
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
30 May 18
UPLOAD
Letter from SEC
4 Jan 18
CORRESP
Correspondence with SEC
6 Dec 17
UPLOAD
Letter from SEC
20 Nov 17
SD
Conflict minerals disclosure
29 May 17
CERTNYS
Certification of approval for NYSE listing
25 Jul 16
Ownership
4
BELDEN / Ashish Chand ownership change
21 Jun 22
4
BELDEN / George E Minnich ownership change
27 May 22
4
BELDEN / Gregory James McCray ownership change
27 May 22
4
BELDEN / JONATHAN C KLEIN ownership change
27 May 22
4
BELDEN / BRYAN C CRESSEY ownership change
27 May 22
4
BELDEN / Nancy E. Calderon ownership change
27 May 22
4
BELDEN / Judy L Brown ownership change
27 May 22
4
BELDEN / Diane D Brink ownership change
27 May 22
4
BELDEN / STEVEN W BERGLUND ownership change
27 May 22
4
BELDEN / LANCE C BALK ownership change
27 May 22
Patents
Utility
Linear Members Having Annular and Axial Grooves
23 Jun 22
A fiber optic cable includes an outer surface, an axial groove and an additional annular groove.
Utility
Flexible channel molding assemblies
21 Jun 22
A flexible channel molding assembly may include a plurality of molding members.
Utility
Stackable Spool Cable Manager
9 Jun 22
A stackable spool cable manager assembly is disclosed which comprises a plurality of like cable manager spools.
Utility
Fiber distribution hub with swiveling frame body
7 Jun 22
A fiber distribution hub configured to house a patch panel includes a plurality of walls forming a chamber, a first shelf attached to a first wall of the plurality of walls in the chamber, a first track supported by the first shelf, and a frame body configured to support the patch panel and to be coupled with the first shelf via the first track.
Utility
Modular RF Devices
26 May 22
A modular RF apparatus includes an RF portal and an RF expansion module configured to be coupled with the RF portal.
Transcripts
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
9 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2021 Q2
Earnings call transcript
5 Aug 21
2021 Q1
Earnings call transcript
8 May 21
2020 Q4
Earnings call transcript
10 Feb 21
2020 Q3
Earnings call transcript
28 Oct 20
2020 Q2
Earnings call transcript
29 Jul 20
2020 Q1
Earnings call transcript
29 Apr 20
2019 Q4
Earnings call transcript
4 Feb 20
Reddit threads
I have some cash to add soon, but I don’t want to buy more of a current position
1 Jul 22
ARCC cutting dividend from $0.45 to $0.03??
1 Jul 22
Company trading below net asset value (no debt, pure cash)
1 Jul 22
is it unwise to hold the same stock two separate brokerage accounts?
30 Jun 22
What dividend stock would you invest 3K?
29 Jun 22
Current Portfolio. Brings in about $366/yr. Pretty new to investing, and advice would be really helpful.
28 Jun 22
Best purchase today under $45?
27 Jun 22
Company trading below net asset value (no debt, pure cash)
27 Jun 22
SILVER SPIKE INVESTMENT CORP (SSIC) trading below net asset value (no debt, pure cash, great management) opinions?
27 Jun 22
Which high-yield stocks, in your opinion, are unfairly valued? (Post oriented at investors where dividends are major aspect of their projected returns)
26 Jun 22