Belden (NYSE:BDC) Hits New 1-Year Low – Here’s What Happened

Belden Inc (NYSE:BDC)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $101.00 and last traded at $102.8650, with a volume of 34929 shares traded. The stock had previously closed at $104.25.

Analyst Ratings Changes

Several brokerages have recently commented on BDC. Benchmark raised their target price on Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Weiss Ratings cut Belden from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.50.

Belden Trading Down 2.3%

The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 17.18 and a beta of 1.18. The company has a 50-day moving average price of $119.41 and a 200 day moving average price of $121.97. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.98.

Belden (NYSE:BDC) last issued its earnings results on Thursday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.70 by $0.07. The business had revenue of $696.38 million during the quarter, compared to analysts’ expectations of $677.03 million. Belden had a return on equity of 24.47% and a net margin of 8.49%.Belden’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. As a group, research analysts anticipate that Belden Inc will post 8.22 earnings per share for the current fiscal year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden’s dividend payout ratio (DPR) is presently 3.37%.

Institutional Trading of Belden

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in 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 purchasing an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 165 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Belden by 234.3% during the third quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 232 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Belden during the fourth quarter valued at $51,000. Finally, Hantz Financial Services Inc. boosted its position in Belden by 152.5% during the third quarter. Hantz Financial Services Inc. now owns 457 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 276 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Company Profile

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.