Belden (NYSE:BDC) Raised to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Belden to “strong buy” from “hold,” while analysts overall maintain an average “buy” rating and a $156.25 price target.
• Belden exceeded quarterly expectations, reporting $2.34 in EPS versus the $2.02 consensus and $750.16 million in revenue, up 11.6% year over year.
• Shares opened at $128.17, with a $5.01 billion market capitalization; institutional investors own approximately 98.75% of the stock.

Belden (NYSE:BDC - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. Truist Financial reaffirmed a "buy" rating and set a $145.00 target price (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Citigroup started coverage on shares of Belden in a research report on Friday, June 26th. They issued a "buy" rating and a $150.00 price target on the stock. Wall Street Zen upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Weiss Ratings lowered shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, July 29th. Finally, DA Davidson assumed coverage on shares of Belden in a research note on Tuesday, June 16th. They issued a "buy" rating and a $155.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Belden presently has an average rating of "Buy" and an average price target of $156.25.

Belden Stock Performance

Shares of BDC stock opened at $128.17 on Tuesday. The firm has a market cap of $5.01 billion, a P/E ratio of 20.84 and a beta of 1.13. The stock's 50-day moving average is $111.71 and its two-hundred day moving average is $119.51. Belden has a fifty-two week low of $98.00 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.32. Belden had a return on equity of 25.00% and a net margin of 8.52%.The company had revenue of $750.16 million during the quarter, compared to the consensus estimate of $746.75 million. During the same quarter in the prior year, the company posted $1.89 EPS. The firm's revenue was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Analysts predict that Belden will post 8.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Belden

Several large investors have recently modified their holdings of BDC. Caitong International Asset Management Co. Ltd boosted its stake in Belden by 12,950.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company's stock valued at $31,000 after buying an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company's stock worth $33,000 after acquiring an additional 165 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Belden during the fourth quarter valued at $51,000. Smartleaf Asset Management LLC lifted its holdings in shares of Belden by 32.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company's stock valued at $52,000 after acquiring an additional 106 shares during the period. Finally, Torren Management LLC acquired a new stake in shares of Belden in the 4th quarter valued at $62,000. 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.

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