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

Key Points

• Wall Street Zen downgraded Belden from “strong buy” to “buy,” though the broader analyst consensus remains “Buy,” with an average price target of $160.
• Belden shares opened at $115.30, below their 50-day and 200-day moving averages, with a market capitalization of approximately $4.51 billion.
• The company exceeded quarterly expectations, reporting $2.34 in EPS versus the $2.02 consensus and revenue of $750.16 million; institutional investors own 98.75% of outstanding shares.

Belden (NYSE:BDC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

BDC has been the subject of several other reports. Zacks Research raised shares of Belden from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Fox Advisors upgraded shares of Belden from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. Weiss Ratings downgraded shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, July 29th. DA Davidson boosted their target price on shares of Belden from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Finally, Truist Financial reissued a "buy" rating and set a $145.00 price target (down from $155.00) on shares of Belden in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $160.00.

Belden Price Performance

NYSE BDC opened at $115.30 on Friday. Belden has a one year low of $98.00 and a one year high of $159.99. The stock has a 50-day moving average of $117.11 and a 200 day moving average of $120.32. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 18.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14.

Belden (NYSE:BDC - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.32. The business had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.Belden's revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, sell-side analysts forecast that Belden will post 8.69 EPS for the current year.

Institutional Trading of Belden

Several large investors have recently added to or reduced their stakes in BDC. Crossmark Global Holdings Inc. increased its holdings in Belden by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company's stock valued at $275,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Belden by 10.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company's stock worth $129,000 after acquiring an additional 102 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Belden by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company's stock worth $52,000 after acquiring an additional 106 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Belden by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company's stock worth $452,000 after purchasing an additional 142 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in Belden by 2.1% in the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company's stock worth $849,000 after purchasing an additional 144 shares during the period. 98.75% of the stock is currently owned by institutional investors.

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.

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