Belden (NYSE:BDC) Reaches New 52-Week High - Still a Buy?

Key Points

• Belden Inc shares reached a new 52-week high at $133.74, with recent trading reflecting strong investor interest and a volume of 230,076 shares.
• Research analysts have raised their price targets for Belden, with Benchmark setting a new target of $145.00 and a consensus rating of "Buy" across multiple analysts.
• Belden reported Q2 earnings of $1.89 EPS, exceeding expectations, and announced a quarterly dividend of $0.05 per share, demonstrating a stable financial outlook.

Shares of Belden Inc (NYSE:BDC - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $133.74 and last traded at $133.55, with a volume of 230076 shares traded. The stock had previously closed at $129.88.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of Belden in a research report on Friday, July 11th. Benchmark raised their price target on shares of Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen cut Belden from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Belden currently has a consensus rating of "Buy" and an average price target of $136.50.

Belden Trading Down 2.2%

The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The firm's 50-day simple moving average is $126.41 and its 200 day simple moving average is $112.68. The stock has a market capitalization of $5.13 billion, a P/E ratio of 23.47 and a beta of 1.30.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. Belden had a net margin of 8.60% and a return on equity of 23.29%. The firm had revenue of $671.99 million for the quarter, compared to analysts' expectations of $654.82 million. During the same period in the previous year, the business earned $1.51 earnings per share. Belden's revenue for the quarter was up 11.2% compared to the same quarter last year. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities research analysts anticipate that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, September 11th. Belden's payout ratio is presently 3.62%.

Insider Transactions at Belden

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $130.51, for a total transaction of $934,190.58. Following the sale, the senior vice president owned 39,574 shares in the company, valued at approximately $5,164,802.74. The trade was a 15.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.48% of the company's stock.

Hedge Funds Weigh In On Belden

Large investors have recently made changes to their positions in the business. Maseco LLP acquired a new position in shares of Belden in the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Belden by 134.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 165 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Belden in the 1st quarter valued at about $35,000. GAMMA Investing LLC grew its stake in shares of Belden by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock valued at $45,000 after buying an additional 115 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Belden in the 1st quarter valued at approximately $47,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.