Zacks Research Upgrades Belden (NYSE:BDC) to “Strong-Buy”

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

Several other equities analysts also recently commented on BDC. Citigroup initiated coverage on Belden in a research report on Friday, June 26th. They issued a “buy” rating and a $150.00 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 downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. DA Davidson began coverage on Belden in a report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price objective on the stock. Finally, Wall Street Zen upgraded Belden from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $156.25.

Belden Price Performance

Shares of BDC opened at $128.17 on Tuesday. The company’s 50-day moving average is $111.71 and its 200-day 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. The firm has a market capitalization of $5.01 billion, a PE ratio of 20.84 and a beta of 1.13. Belden has a fifty-two week low of $98.00 and a fifty-two week high of $159.99.

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

Institutional Investors Weigh In On Belden

Institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its stake in shares of Belden by 15.0% in the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock valued at $24,882,000 after acquiring an additional 27,827 shares during the last quarter. Pier Capital LLC bought a new position in Belden in the fourth quarter valued at about $7,473,000. Wesbanco Bank Inc. acquired a new stake in shares of Belden during the fourth quarter valued at about $1,166,000. Leeward Investments LLC MA increased its stake in shares of Belden by 5.3% in the first quarter. Leeward Investments LLC MA now owns 137,376 shares of the industrial products company’s stock valued at $15,775,000 after buying an additional 6,923 shares during the period. Finally, Rithm Capital Corp. bought a new position in Belden in the 1st quarter valued at approximately $1,166,000. 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.