Wall Street Zen Downgrades Belden (NYSE:BDC) to Buy

Belden (NYSE:BDC) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts also recently commented on BDC. DA Davidson upped their target price on Belden from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Zacks Research upgraded Belden from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Finally, Citigroup started coverage on shares of Belden in a report on Friday, June 26th. They issued a “buy” rating and a $150.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Belden currently has an average rating of “Buy” and a consensus target price of $160.00.

Belden Trading Up 0.1%

Belden stock opened at $115.30 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 18.75 and a beta of 1.12. Belden has a 1 year low of $98.00 and a 1 year high of $159.99. The firm’s 50 day moving average price is $117.11 and its two-hundred day moving average price is $120.17.

Belden (NYSE:BDC) last posted its quarterly earnings results 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 company had revenue of $750.16 million for the quarter, compared to analysts’ expectations of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.The firm’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, research analysts predict that Belden will post 8.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Belden

Several hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. raised its position in shares of Belden by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. increased its stake in Belden by 10.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 102 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Belden by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 106 shares in the last quarter. Captrust Financial Advisors raised its holdings in Belden by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock worth $452,000 after buying an additional 142 shares during the period. Finally, Vise Technologies Inc. raised its holdings in Belden by 2.1% during the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock worth $849,000 after buying an additional 144 shares during the period. 98.75% of the stock is owned by hedge funds and other 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.