Belden (NYSE:BDC) Rating Increased to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Belden (NYSE:BDC) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings downgraded Belden from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Belden currently has an average rating of “Buy” and a consensus target price of $160.00.

Belden Price Performance

Belden stock opened at $118.25 on Tuesday. 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 company has a market capitalization of $4.60 billion, a PE ratio of 19.91 and a beta of 1.14. Belden has a one year low of $101.00 and a one year high of $159.99. The business has a 50 day simple moving average of $115.89 and a 200 day simple moving average of $120.98.

Belden (NYSE:BDC) last posted its earnings results on Thursday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping 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% on a year-over-year basis. During the same quarter last year, the company earned $1.60 EPS. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. On average, sell-side analysts forecast that Belden will post 8.22 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Tuesday, June 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 16th. Belden’s dividend payout ratio (DPR) is 3.37%.

Hedge Funds Weigh In On Belden

Several hedge funds and other institutional investors have recently modified their holdings of BDC. Wesbanco Bank Inc. bought a new position in Belden in the 4th quarter valued at $1,166,000. UBS Group AG raised its position in Belden by 15.0% in the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock valued at $24,882,000 after purchasing an additional 27,827 shares during the last quarter. Vanguard Group Inc. raised its position in Belden by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,893,012 shares of the industrial products company’s stock valued at $588,483,000 after purchasing an additional 93,274 shares during the last quarter. Pier Capital LLC bought a new position in Belden in the 4th quarter valued at $7,473,000. Finally, M&T Bank Corp bought a new position in Belden in the 4th quarter valued at $1,466,000. Institutional investors own 98.75% of the company’s stock.

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.