Belden (NYSE:BDC) Downgraded by Zacks Research to Hold

Key Points

• Zacks Research downgraded Belden from “strong buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with a $160 average price target.
• Belden reported quarterly EPS of $2.34, beating the $2.02 consensus estimate, while revenue reached $750.16 million and increased 11.6% year over year.
• Institutional investors and hedge funds own 98.75% of Belden’s shares, indicating substantial institutional participation in the stock.

Belden (NYSE:BDC - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Wednesday, Zacks reports.

Other equities analysts also recently issued research reports about the stock. Fox Advisors raised shares of Belden from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. Weiss Ratings cut shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, July 29th. Truist Financial restated a "buy" rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a research report on Friday, July 31st. DA Davidson lifted their price target on shares of Belden from $155.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, Wall Street Zen downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $160.00.

Belden Stock Performance

Shares of BDC stock opened at $119.44 on Wednesday. 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 has a one year low of $98.00 and a one year high of $159.99. The company's 50-day simple moving average is $116.75 and its 200-day simple moving average is $119.31. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 19.42 and a beta of 1.09.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.32. The firm 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 quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Equities analysts anticipate that Belden will post 8.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Belden

A number of institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in shares of Belden during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Belden by 12,950.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company's stock valued at $31,000 after buying an additional 259 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Belden by 134.1% in the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company's stock valued at $33,000 after buying an additional 165 shares during the period. Allworth Financial LP bought a new position in Belden during the second quarter valued at about $35,000. Finally, Caitlin John LLC bought a new position in Belden during the second quarter valued at about $49,000. 98.75% of the stock is currently 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.

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