Belden (NYSE:BDC) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Belden (NYSE:BDC) from a strong-buy rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Fox Advisors raised shares of Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. DA Davidson raised their target price on shares of Belden from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Truist Financial restated a “buy” rating and set a $145.00 target price (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Finally, Citigroup initiated coverage on shares of Belden in a research report on Friday, June 26th. They issued a “buy” rating and a $150.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $160.00.

Belden Stock Performance

BDC opened at $114.01 on Friday. The stock has a market cap of $4.46 billion, a P/E ratio of 18.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. The stock’s 50 day simple moving average is $116.96 and its 200 day simple moving average is $119.97. Belden has a 1-year low of $98.00 and a 1-year high of $159.99.

Belden (NYSE:BDC) last issued 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 firm had revenue of $750.16 million during the quarter, compared to analysts’ expectations of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.Belden’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, equities analysts anticipate that Belden will post 8.69 EPS for the current fiscal year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s dividend payout ratio (DPR) is presently 3.25%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in Belden in the 2nd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Belden by 12,950.0% during the third 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 in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Belden by 134.1% in the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after buying an additional 165 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Belden during the second quarter valued at approximately $35,000. Finally, Caitlin John LLC purchased a new position in shares of Belden during the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.