Belden Inc (NYSE:BDC – Get Free Report) has received an average recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $156.25.
A number of research analysts have recently issued reports on BDC shares. Wall Street Zen raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Zacks Research upgraded Belden from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. DA Davidson started coverage on Belden in a research report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price target on the stock. Citigroup began coverage on Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 price target on the stock. Finally, Weiss Ratings downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th.
Belden Trading Up 2.6%
Belden (NYSE:BDC – Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.02 by $0.32. The company had revenue of $750.16 million for the quarter, compared to analyst estimates of $746.75 million. Belden had a net margin of 8.52% and a return on equity of 25.00%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, equities research analysts forecast that Belden will post 8.69 earnings per share for the current year.
Belden Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Tuesday, June 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Tuesday, June 16th. Belden’s dividend payout ratio is currently 3.25%.
Institutional Investors Weigh In On Belden
Several institutional investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. increased its holdings in Belden by 4.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Belden by 10.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company’s stock worth $129,000 after buying an additional 102 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Belden by 32.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after buying an additional 106 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Belden by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock worth $452,000 after buying an additional 142 shares during the last quarter. Finally, Vise Technologies Inc. increased its stake in shares of Belden by 2.1% during the third quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock valued at $849,000 after buying an additional 144 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.
About Belden
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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