Belden (NYSE:BDC) Cut to Hold at Wall Street Zen

Belden (NYSE:BDC) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

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

Belden Price Performance

Shares of NYSE:BDC opened at $117.56 on Friday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 20.88 and a beta of 1.19. The firm has a fifty day moving average price of $116.56 and a 200 day moving average price of $120.07. Belden has a fifty-two week low of $83.18 and a fifty-two week high of $133.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.37 and a current ratio of 1.99.

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

Insider Buying and Selling

In other Belden news, SVP Leah Tate sold 2,554 shares of Belden stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $120.00, for a total transaction of $306,480.00. Following the completion of the transaction, the senior vice president directly owned 27,835 shares of the company’s stock, valued at $3,340,200. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan C. Klein sold 3,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $124.19, for a total transaction of $372,570.00. Following the transaction, the director owned 8,353 shares in the company, valued at $1,037,359.07. This trade represents a 26.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,154 shares of company stock worth $1,371,050. 1.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Belden

A number of large investors have recently made changes to their positions in BDC. Maseco LLP purchased a new stake in Belden in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Belden by 12,950.0% during 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 last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Belden by 134.1% during 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 last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Belden by 234.3% in the third quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock worth $40,000 after buying an additional 232 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in shares of Belden during the 2nd quarter worth approximately $52,000. 98.75% of the stock is owned by hedge funds and other 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.