Belden (NYSE:BDC) Rating Increased to Strong-Buy at DA Davidson

Belden (NYSE:BDC) was upgraded by equities researchers at DA Davidson to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings lowered Belden from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Belden has an average rating of “Buy” and a consensus target price of $160.00.

Belden Stock Performance

BDC stock opened at $118.25 on Tuesday. The firm has a market cap of $4.60 billion, a PE ratio of 19.91 and a beta of 1.14. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average price of $115.89 and a 200-day moving average price of $120.98. Belden has a 1-year low of $101.00 and a 1-year high of $159.99.

Belden (NYSE:BDC) last announced its earnings results 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. Belden had a return on equity of 24.47% and a net margin of 8.49%.The company had revenue of $696.38 million for the quarter, compared to analyst estimates of $677.03 million. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. As a group, equities research analysts expect that Belden will post 8.22 earnings per share for the current year.

Institutional Trading of Belden

Several large investors have recently made changes to their positions in BDC. Millennium Management LLC boosted its holdings in Belden by 9.6% in the first quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company’s stock worth $7,906,000 after acquiring an additional 6,894 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Belden during the first quarter valued at approximately $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 acquiring an additional 10,077 shares in the last quarter. Jane Street Group LLC raised its position 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 worth $5,817,000 after purchasing an additional 8,961 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Belden by 273.7% in the 1st quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 2,918 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

About Belden

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.