Belden Inc (NYSE:BDC) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Belden Inc (NYSE:BDC) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $156.00.

A number of brokerages have issued reports on BDC. Wall Street Zen cut Belden from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Truist Financial restated a “buy” rating and issued a $145.00 target price (down from $155.00) on shares of Belden in a report on Friday, July 31st. Needham & Company LLC started coverage on Belden in a research note on Wednesday, September 23rd. They set a “buy” rating and a $140.00 price target for the company. DA Davidson upped their price objective on Belden from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Fox Advisors raised shares of Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th.

Belden Stock Up 0.3%

BDC stock opened at $108.26 on Friday. The business’s 50 day moving average price is $118.96 and its two-hundred day moving average price is $116.08. 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 market capitalization of $4.23 billion, a price-to-earnings ratio of 17.60 and a beta of 1.13. Belden has a fifty-two week low of $98.00 and a fifty-two week high of $159.99.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.02 by $0.32. Belden had a return on equity of 25.00% and a net margin of 8.52%.The business had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. During the same quarter last year, the firm posted $1.89 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, analysts forecast that Belden will post 8.69 earnings per share for the current fiscal year.

Belden Dividend Announcement

The firm also recently announced 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. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden’s dividend payout ratio (DPR) is 3.25%.

Institutional Trading of Belden

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Belden during the second quarter valued at $616,536,000. Norges Bank purchased a new position in shares of Belden during the fourth quarter valued at approximately $57,296,000. Bank of New York Mellon Corp bought a new position in Belden in the 2nd quarter valued at $35,834,000. Bank of America Corp DE purchased a new position in Belden in the 2nd quarter worth about $27,240,000. Finally, William Blair Investment Management LLC bought a new stake in shares of Belden during the second quarter valued at approximately $21,361,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

About Belden

Belden Inc (NYSE: BDC) is a global provider of signal transmission, networking, and connectivity solutions. The company develops and supplies products that help organizations move, manage, and secure data across enterprise, industrial, broadcast, and other specialized environments.

Its offerings include copper and fiber-optic cable, connectors, enclosures, networking equipment, industrial Ethernet products, automation and control solutions, and audio-video infrastructure. Belden also provides related software and cybersecurity solutions designed to support network visibility, monitoring, management, and protection.

Founded in 1902 by Joseph C.