Belden (NYSE:BDC) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Belden (NYSE:BDC) from a strong-buy rating to a hold rating in a research report released on Wednesday,Zacks reports.

Other research analysts have also recently issued reports about the stock. 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 objective on the stock. Weiss Ratings cut Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered Belden from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Truist Financial reaffirmed a “buy” rating and issued a $145.00 target price (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Finally, DA Davidson upped their price target on shares of Belden from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Belden presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.00.

Belden Stock Performance

NYSE:BDC opened at $119.44 on Wednesday. The company has a market capitalization of $4.67 billion, a P/E ratio of 19.42 and a beta of 1.09. The business has a fifty day simple moving average of $116.75 and a two-hundred day simple moving average of $119.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. Belden has a 1 year low of $98.00 and a 1 year high of $159.99.

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, beating the consensus estimate of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The company had revenue of $750.16 million for the quarter, compared to analyst estimates of $746.75 million. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, analysts expect that Belden will post 8.69 earnings per share for the current year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s payout ratio is currently 3.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC bought a new stake in Belden during the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Belden by 12,950.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 259 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 165 shares in the last quarter. Allworth Financial LP bought a new stake in Belden during the 2nd quarter valued at approximately $35,000. Finally, Caitlin John LLC bought a new stake in Belden during the 2nd quarter valued at approximately $49,000. 98.75% of the stock is 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.