Belden (NYSE:BDC – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks reports.
BDC has been the topic of several other research reports. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Weiss Ratings lowered Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Truist Financial restated a “buy” rating and set a $145.00 price objective (down from $155.00) on shares of Belden in a research note on Friday, July 31st. DA Davidson increased their target price on shares of Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen lowered Belden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.00.
Belden Price Performance
Belden (NYSE:BDC – Get 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 company had revenue of $750.16 million for the quarter, compared to analysts’ expectations of $746.75 million. During the same quarter in the previous year, the company posted $1.89 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Analysts forecast that Belden will post 8.69 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of BDC. Ancora Advisors LLC acquired a new stake in shares of Belden in the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its position in Belden by 12,950.0% in the 3rd 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 period. EverSource Wealth Advisors LLC increased its position in Belden by 134.1% in the 2nd 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 period. Allworth Financial LP acquired a new position in shares of Belden during the second quarter worth approximately $35,000. Finally, Caitlin John LLC acquired a new position in shares of Belden during the second quarter worth approximately $49,000. Institutional investors and hedge funds own 98.75% of the company’s stock.
Belden Company 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.
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