On the 15th of July, 2025, Brian Anderson (holding the positions of Senior Vice President, Legal, General Counsel, and Corporate Secretary) disclosed in a Form 4 filing that he had sold 5,601 shares of Belden (symbol BDC). The total value of this transaction was approximately $689,000 as of July 11, 2025. This action left him with a remaining stake of 45,135 shares in the company.
Transaction summary
| Metric | Value |
|---|---|
| Shares Traded | 5,601 |
| Transaction Value | $689,203 |
| Post-Transaction Shares | 45,135 |
| Post-Transaction Value | $5.55 million |
| YTD Performance | 14.5% |
Key questions
What percentage of the total ownership does the insider still hold following the sale? After the transaction, the insider retains approximately 0.11% of the outstanding shares as of July 15, 2025 (rounded from 0.1143%, according to SEC filings).
What is the current year-to-date return on investment for these Belden shares? As of July 18, 2025, they have provided a total gain of 14.5%.
Company overview
| Metric | Value |
|---|---|
| Market capitalization | $5.1 billion |
| Employees | 7,500 |
| Revenue (TTM) | $2.55 billion |
| Net income (TTM) | $213 million |
Company snapshot
Belden offers solutions for signal transmission, encompassing copper and fiber cables, connection systems, industrial Ethernet switches, and network management tools. They earn income by selling infrastructure elements, connection solutions, and networking hardware, catering to both enterprise and industrial needs on a global scale.
Main clientele encompasses distributors, original equipment producers, installation services, and final users spanning various industries like data storage facilities, commercial properties, healthcare institutions, public administration, and additional market segments.
Belden is a significant supplier of communication and connection solutions, with operations extending worldwide and employing more than 7,500 people. Their strategic approach centers around offering top-tier infrastructure products that meet critical needs, drawing on expertise in both corporate and industrial sectors. With a wide array of products and a strong presence across various markets, Belden’s competitive edge in the communication equipment industry is solidified.
Foolish take
In exercise of his stock options that had fully vested, Anderson decided to sell 5,601 shares at the current market rate. This transaction netted him approximately $689,000 after accounting for tax withholding. He continues to hold more than 45,000 shares, indicating a regular process of cashing out vested stock options by an insider, without any apparent unusual activity.
Attending Belden’s recent showcase, their shares have climbed an impressive 37% over the past year and an astounding 286% in the last five years. The firm hit a record gross margin of nearly 40% in Q1 this year, following strategic restructuring initiatives in 2020 that implemented a more unified sales approach. Organic growth for the company was 11% higher compared to the same quarter from the previous year.
In simpler terms, Belden is experiencing positive outcomes as the broadband market improves, which is crucial to their main business. The company plans to participate fully across the broadband channel due to increased demand for its networking products. This has led to a balance in inventory levels or even a decrease, and a consistent growth in revenue.
It appears that investors have recognized Belden’s potential, causing its stock to be priced at approximately 25.3 times its recent earnings (over the last 12 months), which is slightly higher than its average of 22.4 over the past five years. Despite this, considering the company’s growth possibilities, the stock doesn’t seem excessively expensive. Moreover, due to a strong performance over the past five years and a market value of only $5.2 billion, there remains ample opportunity for additional growth.
Glossary
SEC Form 4: A mandatory filing that reveals trades of a corporation’s stocks by key personnel such as officers, board members, or significant stockholders.
Insider trading: The act of purchasing or selling company securities by top executives, directors, or major shareholders.
Transaction value: The total monetary sum exchanged in a securities transaction.
Post-transaction holdings: The number of shares an insider retains following a trade.
Outstanding shares: The current total number of shares owned by all shareholders of the company.
50-day moving average (MA50): The average closing price of a stock over the last 50 trading days, used to detect trends.
200-day moving average (MA200): The average closing price of a stock over the past 200 trading days, reflecting long-term trends.
Year-to-date performance (YTD): The total return or value change of an investment since the start of the current year.
Transaction size: The number of shares or monetary worth involved in a single securities transaction.
Net reductions in holdings: When an insider sells more shares than they buy, thereby decreasing their ownership stake.
General Counsel (GC): The top legal advisor of a company, responsible for managing the organization’s legal affairs.
Mission-critical environments: Environments where system failures can lead to substantial disruption or harm, necessitating robust infrastructure.
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2025-07-18 21:25