Belden (NYSE:BDC) Rating Increased to Strong-Buy at Fox Advisors

Fox Advisors upgraded shares of Belden (NYSE:BDC) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Several other brokerages also recently commented on BDC. DA Davidson initiated coverage on Belden in a research report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price objective on the stock. Weiss Ratings lowered 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 shares of Belden in a report on Friday, June 26th. They issued a “buy” rating and a $150.00 price target on the stock. Finally, Truist Financial raised their price target on shares of Belden from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $158.75.

Belden Trading Down 1.1%

NYSE BDC traded down $1.15 on Thursday, hitting $106.84. 379,448 shares of the stock were exchanged, compared to its average volume of 557,148. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09. Belden has a 52-week low of $101.00 and a 52-week high of $159.99. The firm has a market capitalization of $4.16 billion, a P/E ratio of 17.99 and a beta of 1.12. The stock has a fifty day moving average price of $111.66 and a two-hundred day moving average price of $120.60.

Belden (NYSE:BDC) last announced its earnings results on Thursday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.07. The business had revenue of $696.38 million for the quarter, compared to the consensus estimate of $677.03 million. Belden had a net margin of 8.49% and a return on equity of 24.47%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Research analysts forecast that Belden will post 8.22 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 16th. Belden’s dividend payout ratio is presently 3.37%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BDC. UBS Group AG lifted its position in Belden by 15.0% during the fourth quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock valued at $24,882,000 after acquiring an additional 27,827 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in shares of Belden in the 4th quarter valued at approximately $1,166,000. Pier Capital LLC acquired a new stake in Belden in the 4th quarter worth approximately $7,473,000. Leeward Investments LLC MA grew its position in Belden by 5.3% during the 1st quarter. Leeward Investments LLC MA now owns 137,376 shares of the industrial products company’s stock worth $15,775,000 after purchasing an additional 6,923 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Belden in the fourth quarter worth $1,466,000. 98.75% of the stock is owned by institutional investors.

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.