Belden (NYSE:BDC) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Belden (NYSE:BDCFree Report) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other research firms have also commented on BDC. Truist Financial reaffirmed a “buy” rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Weiss Ratings downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Citigroup began coverage on Belden in a research report on Friday, June 26th. They set a “buy” rating and a $150.00 price objective for the company. Finally, DA Davidson assumed coverage on shares of Belden in a research report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $156.25.

Get Our Latest Stock Analysis on BDC

Belden Stock Up 0.6%

Shares of Belden stock opened at $128.17 on Tuesday. Belden has a 12-month low of $98.00 and a 12-month high of $159.99. The firm has a market capitalization of $5.01 billion, a PE ratio of 20.84 and a beta of 1.13. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average is $111.71 and its 200-day moving average is $119.51.

Belden (NYSE:BDCGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.32. Belden had a return on equity of 25.00% and a net margin of 8.52%.The business had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. During the same quarter last year, the company posted $1.89 EPS. Belden’s revenue for the quarter was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Equities analysts anticipate that Belden will post 8.69 earnings per share for the current year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, June 16th. Belden’s dividend payout ratio (DPR) is 3.25%.

Hedge Funds Weigh In On Belden

A number of institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its position in shares of Belden by 4.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Belden by 10.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 102 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Belden by 32.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 106 shares during the period. Captrust Financial Advisors grew its position in Belden by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock valued at $452,000 after purchasing an additional 142 shares during the period. Finally, Vise Technologies Inc. raised its holdings in Belden by 2.1% during the third quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock worth $849,000 after buying an additional 144 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

About Belden

(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.

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Analyst Recommendations for Belden (NYSE:BDC)

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