Belden (NYSE:BDC) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Belden (NYSE:BDC – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

BDC has been the subject of a number of other reports. Citigroup started coverage on Belden in a research note on Friday, June 26th. They set a “buy” rating and a $150.00 price target for the company. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Truist Financial restated a “buy” rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a report on Friday. DA Davidson started coverage on shares of Belden in a research report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price objective on the stock. Finally, Weiss Ratings cut shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $156.25.

Check Out Our Latest Stock Report on Belden

Belden Trading Down 0.6%

Belden stock opened at $123.27 on Friday. Belden has a 12 month low of $98.00 and a 12 month high of $159.99. 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 has a market cap of $4.80 billion, a P/E ratio of 20.04 and a beta of 1.12. The company’s fifty day simple moving average is $110.93 and its 200-day simple moving average is $119.40.

Belden (NYSE:BDC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.32. The business had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.Belden’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, sell-side analysts forecast that Belden will post 8.22 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Tuesday, June 16th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s payout ratio is currently 3.25%.

Institutional Investors Weigh In On Belden

Large investors have recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC bought a new stake in shares of Belden during the 2nd quarter worth $206,000. Moody National Bank Trust Division increased its stake in shares of Belden by 66.1% in the second quarter. Moody National Bank Trust Division now owns 20,636 shares of the industrial products company’s stock worth $2,474,000 after purchasing an additional 8,211 shares during the period. Pacer Advisors Inc. lifted its position in shares of Belden by 9.7% during the 1st quarter. Pacer Advisors Inc. now owns 9,494 shares of the industrial products company’s stock worth $1,090,000 after purchasing an additional 843 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Belden by 9.4% during the 1st quarter. Bank of America Corp DE now owns 238,651 shares of the industrial products company’s stock worth $27,404,000 after purchasing an additional 20,465 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in Belden by 140.0% during the 1st quarter. Edgestream Partners L.P. now owns 13,800 shares of the industrial products company’s stock valued at $1,585,000 after purchasing an additional 8,049 shares during the period. Institutional investors 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.

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