Belden (NYSE:BDC) Upgraded at Zacks Research

Belden (NYSE:BDC) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on BDC. Fox Advisors raised shares of Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Citigroup initiated coverage on shares of Belden in a report on Friday, June 26th. They issued a “buy” rating and a $150.00 price target for the company. Truist Financial reaffirmed a “buy” rating and set a $145.00 price objective (down from $155.00) on shares of Belden in a report on Friday, July 31st. Wall Street Zen raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings cut Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Belden has a consensus rating of “Buy” and a consensus price target of $156.25.

Belden Stock Up 0.6%

Shares of BDC opened at $128.17 on Tuesday. The company has a market capitalization of $5.01 billion, a P/E ratio of 20.84 and a beta of 1.13. Belden has a one year low of $98.00 and a one year high of $159.99. The business’s 50 day simple moving average is $111.71 and its 200-day simple moving average is $119.51. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49.

Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) 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 the consensus estimate of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, sell-side analysts predict that Belden will post 8.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BDC. Caitong International Asset Management Co. Ltd grew its stake in 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 acquiring an additional 259 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Belden by 134.1% during 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 in the last quarter. Fairscale Capital LLC bought a new position in shares of Belden during the 4th quarter valued at about $51,000. Smartleaf Asset Management LLC grew its position in shares of Belden by 32.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 106 shares during the period. Finally, Torren Management LLC bought a new stake in Belden during the 4th quarter worth approximately $62,000. 98.75% of the stock is currently owned by 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.