Belden (NYSE:BDC) Research Coverage Started at Needham & Company LLC

Needham & Company LLC started coverage on shares of Belden (NYSE:BDC) in a report released on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $140.00 price target on the industrial products company’s stock.

Several other brokerages have also recently issued reports on BDC. Wall Street Zen cut Belden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Zacks Research lowered Belden from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Truist Financial reaffirmed a “buy” rating and set a $145.00 price objective (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Finally, DA Davidson lifted their target price on Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $156.00.

Belden Trading Up 1.6%

NYSE BDC opened at $112.55 on Wednesday. Belden has a one year low of $98.00 and a one year high of $159.99. 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 $4.40 billion, a price-to-earnings ratio of 18.30 and a beta of 1.09. The company’s 50-day simple moving average is $118.44 and its two-hundred day simple moving average is $116.44.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, topping 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 firm had revenue of $750.16 million during the quarter, compared to analysts’ expectations of $746.75 million. During the same quarter in the prior year, the company earned $1.89 EPS. The company’s 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. Equities analysts forecast that Belden will post 8.69 EPS for the current fiscal year.

Belden Announces Dividend

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

Institutional Investors Weigh In On Belden

Several institutional investors and hedge funds have recently made changes to their positions in BDC. PNC Financial Services Group Inc. boosted its holdings in Belden by 10.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 102 shares during the last quarter. Evolve Private Wealth LLC lifted its holdings in shares of Belden by 3.4% in the 1st quarter. Evolve Private Wealth LLC now owns 5,752 shares of the industrial products company’s stock valued at $661,000 after buying an additional 191 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Belden by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 9,498 shares of the industrial products company’s stock valued at $1,091,000 after buying an additional 200 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Belden by 6.3% in the fourth quarter. Corient Private Wealth LLC now owns 3,432 shares of the industrial products company’s stock worth $402,000 after buying an additional 204 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Belden by 2.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,081 shares of the industrial products company’s stock worth $928,000 after acquiring an additional 208 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

About Belden

Belden Inc (NYSE: BDC) is a global provider of signal transmission, connectivity and networking solutions. The company designs and manufactures products that help businesses transmit data, video and other signals across enterprise, industrial and broadcast environments.

Its offerings include copper and fiber-optic cable, connectivity components, networking equipment, industrial automation and control products, and solutions for data centers, commercial buildings and industrial facilities.