Belden (NYSE:BDC) Upgraded by DA Davidson to “Strong-Buy” Rating

Belden (NYSE:BDC) was upgraded by DA Davidson to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings cut Belden from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $160.00.

Belden Trading Up 3.0%

BDC opened at $118.25 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.09 and a quick ratio of 1.40. Belden has a fifty-two week low of $101.00 and a fifty-two week high of $159.99. The firm has a market capitalization of $4.60 billion, a PE ratio of 19.91 and a beta of 1.14. The company’s 50-day moving average is $115.89 and its 200 day moving average is $120.98.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.07. The business 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 company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. As a group, research analysts predict that Belden will post 8.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Belden

Several institutional investors have recently modified their holdings of BDC. Wesbanco Bank Inc. bought a new position in Belden in the 4th quarter valued at $1,166,000. UBS Group AG raised its stake in shares of Belden by 15.0% during the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock worth $24,882,000 after purchasing an additional 27,827 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Belden by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,893,012 shares of the industrial products company’s stock worth $588,483,000 after buying an additional 93,274 shares during the last quarter. Pier Capital LLC purchased a new position in shares of Belden in the 4th quarter worth about $7,473,000. Finally, M&T Bank Corp bought a new position in Belden during the fourth quarter valued at about $1,466,000. 98.75% of the stock is 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.