Belden (NYSE:BDC) Lowered to “Buy” Rating by Wall Street Zen

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

Several other research firms have also recently issued reports on BDC. Citigroup began coverage on shares of Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 target price on the stock. Zacks Research raised shares of Belden from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. DA Davidson boosted their target price on Belden from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings lowered Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Belden presently has an average rating of “Buy” and a consensus target price of $160.00.

Belden Stock Down 3.9%

BDC stock opened at $115.30 on Friday. The stock has a 50-day simple moving average of $117.11 and a two-hundred day simple moving average of $120.32. Belden has a twelve month low of $98.00 and a twelve month high of $159.99. The firm has a market capitalization of $4.51 billion, a PE ratio of 18.75 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.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The firm had revenue of $750.16 million for the quarter, compared to the consensus estimate of $746.75 million. During the same period in the prior year, the firm posted $1.89 earnings per share. The company’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. On average, equities analysts predict that Belden will post 8.69 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. 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 company. Ancora Advisors LLC purchased a new position in shares of Belden in the 2nd quarter worth about $27,000. Caitong International Asset Management Co. Ltd lifted 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 last quarter. EverSource Wealth Advisors LLC lifted 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 last quarter. Allworth Financial LP purchased a new stake in Belden in the second quarter worth approximately $35,000. Finally, Caitlin John LLC purchased a new stake in Belden in the second quarter worth approximately $49,000. 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.