Belden (NYSE:BDC) Stock Rating Upgraded by Wall Street Zen

Belden (NYSE:BDC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other equities analysts have also weighed in on the stock. DA Davidson started coverage on shares of Belden in a research report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price objective for the company. Truist Financial raised their target price on shares of Belden from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Citigroup started coverage on shares of Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 target price for the company. Finally, Weiss Ratings upgraded Belden from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. One analyst has 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. Based on data from MarketBeat, Belden currently has an average rating of “Buy” and a consensus price target of $158.75.

Belden Stock Up 2.5%

BDC opened at $101.97 on Monday. The firm has a market cap of $3.97 billion, a P/E ratio of 17.17 and a beta of 1.12. The business’s fifty day simple moving average is $110.22 and its 200 day simple moving average is $119.81. Belden has a 52 week low of $98.00 and a 52 week high of $159.99. 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 announced its earnings results on Thursday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.07. The firm had revenue of $696.38 million during the quarter, compared to the consensus estimate of $677.03 million. Belden had a net margin of 8.49% and a return on equity of 24.47%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. As a group, equities research analysts anticipate that Belden will post 8.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Belden

A number of institutional investors have recently bought and sold shares of BDC. Revolve Wealth Partners LLC purchased a new position in Belden during the second quarter worth approximately $206,000. Moody National Bank Trust Division grew its stake in shares of Belden by 66.1% during the 2nd quarter. Moody National Bank Trust Division now owns 20,636 shares of the industrial products company’s stock valued at $2,474,000 after buying an additional 8,211 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Belden by 9.7% during the 1st quarter. Pacer Advisors Inc. now owns 9,494 shares of the industrial products company’s stock worth $1,090,000 after buying an additional 843 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Belden by 9.4% during the 1st quarter. Bank of America Corp DE now owns 238,651 shares of the industrial products company’s stock worth $27,404,000 after buying an additional 20,465 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of Belden by 140.0% in the 1st quarter. Edgestream Partners L.P. now owns 13,800 shares of the industrial products company’s stock worth $1,585,000 after buying an additional 8,049 shares during the period. 98.75% of the stock is currently 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.