Wall Street Zen Upgrades Belden (NYSE:BDC) to “Buy”

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

Several other brokerages also recently issued reports on BDC. Truist Financial raised their price objective 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. DA Davidson initiated coverage on Belden in a research note on Tuesday, June 16th. They set a “buy” rating and a $155.00 target price on the stock. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Weiss Ratings upgraded Belden from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Finally, Citigroup assumed coverage on Belden in a report on Friday, June 26th. They issued a “buy” rating and a $150.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $158.75.

Belden Stock Up 0.0%

BDC opened at $101.43 on Monday. The stock’s fifty day simple moving average is $110.60 and its 200 day simple moving average is $120.04. Belden has a 1-year low of $98.00 and a 1-year high of $159.99. The stock has a market cap of $3.95 billion, a PE ratio of 17.08 and a beta of 1.12. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.98.

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

Institutional Trading of Belden

A number of institutional investors have recently modified their holdings of BDC. Price T Rowe Associates Inc. MD raised its stake in Belden by 25.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,225,244 shares of the industrial products company’s stock valued at $375,903,000 after purchasing an additional 663,241 shares in the last quarter. Norges Bank acquired a new stake in Belden during the fourth quarter worth about $57,296,000. Northwestern Mutual Wealth Management Co. increased its holdings in Belden by 238,774.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 422,808 shares of the industrial products company’s stock valued at $49,278,000 after buying an additional 422,631 shares during the period. Fisher Asset Management LLC bought a new position in Belden in the 4th quarter valued at about $43,097,000. Finally, Wellington Management Group LLP raised its position in shares of Belden by 15.0% in the 4th quarter. Wellington Management Group LLP now owns 1,685,750 shares of the industrial products company’s stock valued at $196,474,000 after buying an additional 219,695 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

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.