Fox Advisors Upgrades Belden (NYSE:BDC) to Strong-Buy

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

A number of other equities research analysts have also recently commented on BDC. Citigroup initiated coverage on shares of Belden in a research report on Friday, June 26th. They issued a “buy” rating and a $150.00 target price for the company. Weiss Ratings cut shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Truist Financial increased their price objective on shares of Belden from $150.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. 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 on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $158.75.

Belden Price Performance

Shares of NYSE:BDC traded down $1.15 during trading on Thursday, reaching $106.84. The stock had a trading volume of 379,448 shares, compared to its average volume of 557,148. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09. The business has a fifty day moving average price of $111.66 and a 200-day moving average price of $120.60. The stock has a market cap of $4.16 billion, a PE ratio of 17.99 and a beta of 1.12. Belden has a 1-year low of $101.00 and a 1-year high of $159.99.

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, equities analysts forecast that Belden will post 8.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Belden

Several large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings 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 purchasing an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 165 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Belden during the fourth quarter worth $51,000. Smartleaf Asset Management LLC boosted its position 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 worth $52,000 after buying an additional 106 shares during the period. Finally, Torren Management LLC acquired a new stake in shares of Belden in the fourth quarter valued at $62,000. 98.75% of the stock is currently 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.