Belden (NYSE:BDC) Now Covered by Needham & Company LLC

Research analysts at Needham & Company LLC assumed coverage on shares of Belden (NYSE:BDC) in a research note issued on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $140.00 price target on the industrial products company’s stock. Needham & Company LLC’s target price suggests a potential upside of 23.78% from the stock’s previous close.

BDC has been the topic of a number of other research reports. Zacks Research lowered shares of Belden from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Fox Advisors raised shares of Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Citigroup assumed coverage on Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 target price for the company. Weiss Ratings upgraded Belden from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Finally, Truist Financial reissued a “buy” rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Belden has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Belden Stock Up 2.3%

Shares of Belden stock opened at $113.10 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 18.39 and a beta of 1.09. The firm’s 50-day moving average is $117.76 and its two-hundred day moving average is $116.66. Belden has a 1 year low of $98.00 and a 1 year high of $159.99.

Belden (NYSE:BDC) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.02 by $0.32. The business had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. Belden had a net margin of 8.52% and a return on equity of 25.00%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, research analysts expect that Belden will post 8.69 earnings per share for the current fiscal year.

Institutional Trading of Belden

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in Belden by 103.1% in the second quarter. Tidal Investments LLC now owns 5,506 shares of the industrial products company’s stock valued at $660,000 after buying an additional 2,795 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Belden by 111.4% during the 2nd quarter. Squarepoint Ops LLC now owns 23,192 shares of the industrial products company’s stock valued at $2,781,000 after acquiring an additional 12,219 shares during the period. Nykredit A S purchased a new position in shares of Belden in the 2nd quarter valued at about $171,000. Corient Private Wealth LP raised its holdings in Belden by 61.3% in the 2nd quarter. Corient Private Wealth LP now owns 3,699 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 1,406 shares during the period. Finally, Amundi boosted its position in Belden by 6.4% during the second quarter. Amundi now owns 8,891 shares of the industrial products company’s stock worth $1,066,000 after purchasing an additional 534 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

About Belden

Belden Inc (NYSE: BDC) is a global provider of signal transmission, connectivity and networking solutions. The company designs and manufactures products that help businesses transmit data, video and other signals across enterprise, industrial and broadcast environments.

Its offerings include copper and fiber-optic cable, connectivity components, networking equipment, industrial automation and control products, and solutions for data centers, commercial buildings and industrial facilities.