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

Wall Street Zen upgraded shares of Belden (NYSE:BDC) from a hold rating to a buy rating in a research report report published on Monday morning.

A number of other research analysts also recently issued reports on the company. Truist Financial raised their price target on Belden from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings raised Belden from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Citigroup started coverage on shares of Belden in a research report on Friday, June 26th. They set a “buy” rating and a $150.00 target price on the stock. DA Davidson assumed coverage on shares of Belden in a report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 target price on the stock. Finally, Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Belden has an average rating of “Buy” and a consensus target price of $158.75.

Belden Price Performance

Shares of BDC opened at $99.34 on Monday. Belden has a 1-year low of $98.00 and a 1-year high of $159.99. The stock has a market cap of $3.87 billion, a PE ratio of 16.72 and a beta of 1.12. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.09 and a quick ratio of 1.40. The firm has a fifty day moving average price of $110.38 and a 200 day moving average price of $119.91.

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

Belden Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BDC. Crossmark Global Holdings Inc. grew its position in Belden by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 100 shares during the period. PNC Financial Services Group Inc. increased its stake in Belden by 10.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 102 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Belden by 32.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 106 shares during the period. Captrust Financial Advisors raised its holdings in shares of Belden by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock worth $452,000 after purchasing an additional 142 shares during the period. Finally, Vise Technologies Inc. lifted its stake in shares of Belden by 2.1% in the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock valued at $849,000 after purchasing an additional 144 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other 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.