Wall Street Zen Upgrades Belden (NYSE:BDC) to Strong-Buy

Belden (NYSE:BDC) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Several other equities analysts also recently commented on BDC. Citigroup started coverage on shares of Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 price target on the stock. Weiss Ratings downgraded shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Truist Financial reaffirmed a “buy” rating and set a $145.00 target price (down from $155.00) on shares of Belden in a research note on Friday. Finally, DA Davidson assumed coverage on Belden in a report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Belden currently has a consensus rating of “Buy” and an average price target of $156.25.

Belden Stock Down 0.2%

NYSE BDC opened at $123.86 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $110.58 and a two-hundred day moving average of $119.37. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 20.14 and a beta of 1.12. Belden has a 52 week low of $98.00 and a 52 week high of $159.99.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The business had revenue of $750.16 million for the quarter, compared to analysts’ expectations of $746.75 million. During the same quarter in the previous year, the business posted $1.89 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, analysts predict that Belden will post 8.22 earnings per share for the current year.

Institutional Trading of Belden

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in Belden by 9.6% during the 1st quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company’s stock valued at $7,906,000 after purchasing an additional 6,894 shares during the period. United Services Automobile Association purchased a new stake in shares of Belden in the 1st quarter worth approximately $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Belden by 8.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company’s stock valued at $13,214,000 after purchasing an additional 10,077 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Belden by 18.3% during the first quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company’s stock valued at $5,817,000 after purchasing an additional 8,961 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Belden by 273.7% during the first quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company’s stock valued at $399,000 after buying an additional 2,918 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

More Belden News

Here are the key news stories impacting Belden this week:

• Positive Sentiment: Q2 earnings beat expectations: Belden reported adjusted EPS of $2.34, exceeding the $2.04 consensus, while revenue of $750.16 million modestly topped estimates of $746.75 million. Adjusted EPS increased 24% year over year, and revenue rose 11.6%. Belden Reports Record Second Quarter 2026 Results
• Positive Sentiment: Record orders point to improving demand: Orders reached $836 million, up 19% year over year, producing a healthy 1.11 book-to-bill ratio. Management highlighted AI-related demand and record revenue as key growth drivers. The company also completed its previously announced acquisition of RU, which could broaden its networking capabilities. Belden Q2 2026 Earnings Call Highlights
• Positive Sentiment: Analysts see further upside: The average Wall Street price target implies approximately 27% potential upside from the recent trading level. Truist reaffirmed its “buy” rating and maintained a bullish outlook, despite lowering its target to $145 from $155. Wall Street Analysts See a 26.95% Upside in Belden
• Neutral Sentiment: Near-term guidance was broadly in line: Belden forecast third-quarter adjusted EPS of $2.15-$2.30 and revenue of $950 million-$970 million, compared with analyst expectations of $2.25 EPS and $959 million revenue. The range supports continued growth but does not represent a major forecast upgrade.
• Negative Sentiment: Valuation and target reduction remain risks: Truist’s price-target cut signals some caution after the rally, while the stock’s roughly 20.9 price-to-earnings ratio leaves investors dependent on continued earnings growth to justify further gains.

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.