Belden (NYSE:BDC) Sets New 52-Week Low – Here’s Why

Belden Inc (NYSE:BDC) shares reached a new 52-week low on Monday . The company traded as low as $100.53 and last traded at $101.1550, with a volume of 302265 shares. The stock had previously closed at $106.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Wall Street Zen lowered Belden from a “buy” rating to a “hold” rating in a report on Sunday. Truist Financial upped their price target on shares of Belden from $150.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, DA Davidson initiated coverage on shares of Belden in a research report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Belden has an average rating of “Buy” and a consensus price target of $158.75.

Belden Stock Up 2.0%

The stock has a fifty day moving average of $111.30 and a 200-day moving average of $120.40. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 17.56 and a beta of 1.12. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.98.

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

Belden Dividend Announcement

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

Hedge Funds Weigh In On Belden

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in Belden by 25.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,225,244 shares of the industrial products company’s stock valued at $375,903,000 after purchasing an additional 663,241 shares during the period. Wellington Management Group LLP raised its position in Belden by 15.0% during the fourth quarter. Wellington Management Group LLP now owns 1,685,750 shares of the industrial products company’s stock valued at $196,474,000 after buying an additional 219,695 shares during the period. Invesco Ltd. lifted its stake in Belden by 4.0% in the 3rd quarter. Invesco Ltd. now owns 1,015,651 shares of the industrial products company’s stock worth $122,152,000 after acquiring an additional 39,096 shares in the last quarter. Geode Capital Management LLC lifted its stake in Belden by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,007,189 shares of the industrial products company’s stock worth $117,405,000 after acquiring an additional 25,829 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Belden by 6.4% during the 4th quarter. Victory Capital Management Inc. now owns 514,968 shares of the industrial products company’s stock worth $60,020,000 after acquiring an additional 31,167 shares during the period. Institutional investors and hedge funds 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.