Belden (NYSE:BDC) Stock Rating Lowered by Zacks Research

Belden (NYSE:BDC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

A number of other equities analysts have also recently issued reports on BDC. DA Davidson lifted their target price on Belden from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Wall Street Zen lowered Belden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Truist Financial reissued a “buy” rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Finally, Citigroup initiated coverage on Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Belden currently has an average rating of “Moderate Buy” and an average target price of $160.00.

Belden Trading Up 3.2%

Shares of NYSE:BDC opened at $119.44 on Wednesday. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 19.42 and a beta of 1.09. Belden has a 1-year low of $98.00 and a 1-year high of $159.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14. The company has a 50 day moving average price of $116.75 and a 200 day moving average price of $119.31.

Belden (NYSE:BDC) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $746.75 million. Belden had a net margin of 8.52% and a return on equity of 25.00%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, research analysts anticipate that Belden will post 8.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BDC. Corient Private Wealth LP boosted its position in Belden by 61.3% during the 2nd quarter. Corient Private Wealth LP now owns 3,699 shares of the industrial products company’s stock worth $443,000 after acquiring an additional 1,406 shares during the period. Amundi increased its holdings in shares of Belden by 6.4% in the 2nd quarter. Amundi now owns 8,891 shares of the industrial products company’s stock valued at $1,066,000 after purchasing an additional 534 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Belden in the 2nd quarter valued at about $600,000. California State Teachers Retirement System lifted its position in shares of Belden by 11,566.6% in the second quarter. California State Teachers Retirement System now owns 5,352,183 shares of the industrial products company’s stock worth $641,780,000 after purchasing an additional 5,306,307 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Belden during the second quarter worth approximately $117,000. 98.75% of the stock is owned by institutional investors and hedge funds.

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.