Belden (NYSE:BDC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Belden (NYSE:BDCFree Report) from a hold rating to a buy rating in a report published on Monday.

BDC has been the topic of a number of other reports. Citigroup began coverage on shares of Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 price target on the stock. DA Davidson began coverage on Belden in a research report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price objective for the company. Truist Financial boosted their target price on Belden from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings raised Belden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Finally, Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $158.75.

Read Our Latest Analysis on Belden

Belden Stock Performance

BDC stock opened at $105.33 on Monday. The firm has a 50 day simple moving average of $110.14 and a 200 day simple moving average of $119.73. Belden has a 52 week low of $98.00 and a 52 week high of $159.99. The stock has a market cap of $4.10 billion, a P/E ratio of 17.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09.

Belden (NYSE:BDCGet Free Report) last released its quarterly earnings data 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 firm had revenue of $696.38 million for the quarter, compared to analyst estimates of $677.03 million. During the same quarter in the prior year, the business earned $1.60 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Research analysts anticipate that Belden will post 8.22 earnings per share for the current fiscal year.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s dividend payout ratio is 3.37%.

Institutional Investors Weigh In On Belden

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position 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 worth $31,000 after buying an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Belden by 134.1% in the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after buying an additional 165 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Belden in the fourth quarter worth about $51,000. Smartleaf Asset Management LLC boosted its stake in shares of Belden by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 106 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its stake in shares of Belden by 208.1% during the 4th quarter. Clearstead Advisors LLC now owns 530 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 358 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Belden (NYSE:BDC)

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