Belden (NYSE:BDC) Upgraded by Wall Street Zen to Buy Rating

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

BDC has been the subject of a number of other reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Belden in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of Belden from $149.00 to $150.00 and gave the company a “buy” rating in a report on Friday, December 19th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Belden Price Performance

Belden stock opened at $116.14 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. Belden has a 52-week low of $83.18 and a 52-week high of $133.77. The firm has a market cap of $4.56 billion, a PE ratio of 20.63 and a beta of 1.17. The company’s 50 day moving average is $116.63 and its two-hundred day moving average is $120.93.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The business had revenue of $698.22 million for the quarter, compared to analyst estimates of $679.61 million. Belden had a return on equity of 23.95% and a net margin of 8.57%.The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, research analysts expect that Belden will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s dividend payout ratio (DPR) is presently 3.55%.

Insider Transactions at Belden

In other Belden news, CAO Doug Zink sold 4,000 shares of Belden stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $125.00, for a total transaction of $500,000.00. Following the transaction, the chief accounting officer owned 4,642 shares of the company’s stock, valued at $580,250. The trade was a 46.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan C. Klein sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $124.19, for a total value of $372,570.00. Following the completion of the sale, the director owned 8,353 shares of the company’s stock, valued at approximately $1,037,359.07. This represents a 26.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,154 shares of company stock valued at $1,371,050 over the last quarter. Company insiders own 1.48% of the company’s stock.

Hedge Funds Weigh In On Belden

A number of institutional investors have recently modified their holdings of BDC. Millennium Management LLC raised its position in Belden by 9.6% in the 1st quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company’s stock valued at $7,906,000 after purchasing an additional 6,894 shares during the last quarter. United Services Automobile Association acquired a new position in Belden in the first quarter valued at $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Belden by 8.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company’s stock valued at $13,214,000 after buying an additional 10,077 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Belden by 18.3% in the first quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company’s stock valued at $5,817,000 after buying an additional 8,961 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Belden by 273.7% during the first quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company’s stock worth $399,000 after buying an additional 2,918 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

About Belden

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.