Belden Inc logo

Belden Inc(BDC)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$101.88
11/13/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for BDC

11/13/2026: BDC (1-star) is currently NOT-A-BUY. Pass it for now.

Belden Inc is a well-established industrial technology company specializing in signal transmission solutions for critical environments. The company has a leading position in industrial networking and connectivity, benefiting from the ongoing trend of global factory automation. Its primary growth opportunity lies in transitioning toward higher-margin software and service-based models. Risks include exposure to cyclical industrial spending, competition from integrated technology providers, and the complexities of operational execution. For investors, Belden may suit those seeking exposure to industrial infrastructure, though performance remains sensitive to macroeconomic shifts. Monitoring the company's ability to successfully scale its software revenue and maintain pricing power will be key to long-term performance.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitBelden offers moderate growth potential tied to industrial digitalization rather than high-growth tech multiples.
Momentum investorWeak fitThe stock often lacks the high-volatility, explosive breakout characteristics sought by pure momentum traders.
Value investorStrong fitInvestors may find value in the stock if trading at a discount to its long-term cash flow generation potential.
Dividend investorMixed fitWhile it pays a dividend, there are higher-yielding options available for income-focused portfolios.
Low-risk investorStrong fit while signal remains positiveThe company's stable market position and focus on essential infrastructure can provide a level of defensiveness.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock can be sensitive to macroeconomic cycles affecting capital-intensive industries.
Valuation riskMediumMarket sentiment toward industrial stocks can fluctuate, affecting valuation multiples.
Competition risk (Industrial Automation)Medium / highIntense competition from larger technology firms and low-cost manufacturers threatens margins.
Business qualityStrongBelden is recognized for high-quality, reliable mission-critical infrastructure products.
Dividend incomeLowDividends provide supplementary income but are not the primary reason for holding the stock.
Execution riskMediumSuccessful integration of new software-centric services remains a critical execution hurdle.

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.98B USD
Price to earnings Ratio 22.89
1Y Target Price 145
Price to earnings Ratio 22.89
1Y Target Price 145
Volume (30-day avg) 415.2K shares
Beta 1.16
52 Weeks Range 94.75 - 159.78
Updated Date 11/14/2026
52 Weeks Range 94.75 - 159.78
Updated Date 11/14/2026
Dividends yield (FY) 0.20%
Basic EPS (TTM) 4.45

Sector & Industry Intelligence

Sector

Technology

Caution
Sentiment
Near Bearish
Momentum
Rapid Breadth Deterioration
BUY participation
30.1%
Active BUY / eligible
37 / 123
30-Day BUY Count Change
-42
Market state
Weak Bullish / Near Bearish

BUY participation is falling rapidly, suggesting elevated market vulnerability.

Industry

Communication Equipment

BUY participation
23.1%
Active BUY / eligible
3 / 13
30-Day BUY Count Change
-2

Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -35.76%
Avg. Invested days 31
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/13/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BDC receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
BDC has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+19.7%) and solid cash generation (FCF margin 8.1%) are partially offset by soft profitability (net margin 8.7%), modest insider ownership of 2.27%.

Financial Health Rating

★★★★★
BDC's financial health is supported by solid cash strength, including free-cash-flow generation (8.1% of revenue). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is BDC's strongest growth driver at +19.7% FY2025 versus FY2024 (solid, 4 stars). By comparison, revenue growth (+10.3%, solid) is also solid, while free-cash-flow growth (-1.9%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 112.2% and approximately 98.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 2.27% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 13.15%
FMR Inc 10.35%
T. Rowe Price Associates, Inc. 8.88%
Vanguard Portfolio Management, LLC 7.06%
Vanguard Capital Management, LLC 4.48%

Unit Economics (Per $1K Revenue)

★★★★★
BDC generates approximately $360 of gross profit, $122 of operating income, and $81 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins and moderate cash conversion support a 3-star rating, while capital efficiency is moderate.

Economic Dimensions

★★★★★
Effective Tax Rate: 11.00%

Quantitative Style Profile

★★★★★
BDC has a liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

How Company Makes Money

Business areaWhat it includesRetail investor read
Industrial AutomationNetworking and connectivity products for factory floors and industrial processes.The company makes money by ensuring factories can communicate securely and reliably.
Enterprise SolutionsStructured cabling and network products for large-scale buildings and data centers.Reliable high-speed connections are essential for modern offices and data centers.
Specialty SolutionsCustomized cable and connectivity for broadcast and high-security sectors.Highly specialized niches allow for higher profit margins compared to generic wiring.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-10-29
When Before Market
Estimate 2.3
Actual 2.26

Profitability

Profit Margin 5.62%
Operating Margin (TTM) 8.57%

Management Effectiveness

Return on Assets (TTM) 3.57%
Return on Equity (TTM) 13.37%

Valuation

Trailing PE 22.89
Forward PE 14.88
Enterprise Value 6.77B
Price to Sales(TTM) 1.27
Enterprise Value 6.77B
Price to Sales(TTM) 1.27
Enterprise Value to Revenue 2.16
Enterprise Value to EBITDA 14.76
Shares Outstanding 39.10M
Shares Floating 38.37M
Shares Outstanding 39.10M
Shares Floating 38.37M
Percent Insiders 2.27
Percent Institutions 112.23

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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