Belden (NYSE:BDC) Downgraded by Wall Street Zen to Hold

Belden (NYSE:BDC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

BDC has been the topic of a number of other reports. DA Davidson began coverage on shares of Belden in a research note on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price target on the stock. Weiss Ratings cut shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Citigroup assumed coverage on Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 price target for the company. Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Truist Financial increased their target price on Belden from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Belden presently has a consensus rating of “Buy” and an average price target of $158.75.

Belden Price Performance

BDC traded down $1.15 during trading on Friday, hitting $106.84. 379,448 shares of the stock traded hands, compared to its average volume of 557,148. The business has a 50 day moving average price of $111.66 and a 200 day moving average price of $120.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.09 and a quick ratio of 1.40. Belden has a twelve month low of $101.00 and a twelve month high of $159.99. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 17.99 and a beta of 1.12.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.07. Belden had a return on equity of 24.47% and a net margin of 8.49%.The company had revenue of $696.38 million for the quarter, compared to analyst estimates of $677.03 million. During the same quarter last year, the company posted $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. Equities research analysts forecast that Belden will post 8.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Belden

Several institutional investors and hedge funds have recently made changes to their positions in the business. Revolve Wealth Partners LLC acquired a new position in shares of Belden during the 2nd quarter valued at $206,000. Moody National Bank Trust Division raised its position in shares of Belden by 66.1% during 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 holdings in shares of Belden by 9.7% in 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 in the last quarter. Bank of America Corp DE grew its position in Belden by 9.4% in the 1st quarter. Bank of America Corp DE now owns 238,651 shares of the industrial products company’s stock valued at $27,404,000 after purchasing an additional 20,465 shares during the period. Finally, Edgestream Partners L.P. grew its position in Belden by 140.0% in 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.

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.