Belden (NYSE:BDC) Stock Rating Upgraded by Fox Advisors

Belden (NYSE:BDC) was upgraded by research analysts at Fox Advisors from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

BDC has been the subject of a number of other research reports. DA Davidson began coverage on shares of Belden in a report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price target for the company. Weiss Ratings cut Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Citigroup started coverage on Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 price target on the stock. Finally, Truist Financial raised their price objective on Belden from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One analyst has 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 MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $158.75.

Belden Price Performance

NYSE:BDC opened at $106.84 on Thursday. The stock has a 50 day moving average of $111.66 and a two-hundred day moving average of $120.60. Belden has a 12 month low of $101.00 and a 12 month high of $159.99. The firm has a market cap of $4.16 billion, a P/E ratio of 17.99 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 posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.70 by $0.07. The firm had revenue of $696.38 million during the quarter, compared to the consensus estimate of $677.03 million. Belden had a return on equity of 24.47% and a net margin of 8.49%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. On average, analysts expect that Belden will post 8.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Belden

A number of institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its stake in Belden by 12,950.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 259 shares during the period. EverSource Wealth Advisors LLC increased its stake in Belden by 134.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after buying an additional 165 shares during the period. Fairscale Capital LLC acquired a new stake in Belden during the 4th quarter worth approximately $51,000. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 106 shares in the last quarter. Finally, Torren Management LLC purchased a new position in Belden in the 4th quarter valued at approximately $62,000. 98.75% of the stock is owned by institutional investors and hedge funds.

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.