Weiss Ratings Reaffirms Hold (C+) Rating for Belden (NYSE:BDC)

Belden (NYSE:BDC)‘s stock had its “hold (c+)” rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also issued reports on BDC. Benchmark upped their target price on shares of Belden from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Wall Street Zen lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Belden in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.50.

Belden Stock Down 1.1%

BDC opened at $114.10 on Wednesday. The company has a fifty day moving average price of $125.10 and a 200-day moving average price of $114.86. The firm has a market capitalization of $4.52 billion, a P/E ratio of 20.67 and a beta of 1.26. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35. Belden has a one year low of $83.18 and a one year high of $133.77.

Belden (NYSE:BDC) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. Belden had a net margin of 8.60% and a return on equity of 23.29%. The company had revenue of $671.99 million during the quarter, compared to analyst estimates of $654.82 million. During the same period in the previous year, the business earned $1.51 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities research analysts expect that Belden will post 7.07 earnings per share for the current fiscal year.

Insider Transactions at Belden

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of the company’s stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $130.51, for a total transaction of $934,190.58. Following the completion of the sale, the senior vice president directly owned 39,574 shares in the company, valued at $5,164,802.74. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.48% of the stock is currently owned by insiders.

Institutional Trading of Belden

Several institutional investors have recently added to or reduced their stakes in BDC. Maseco LLP bought a new position in shares of Belden during the second quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its stake 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 valued at $33,000 after acquiring an additional 165 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Belden during the first quarter valued at about $35,000. GAMMA Investing LLC raised its stake in shares of Belden by 34.7% during the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 115 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of Belden during the second quarter valued at about $52,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.