Belden (NYSE:BDC) Price Target Raised to $155.00 at Truist Financial

Belden (NYSE:BDCGet Free Report) had its target price lifted by stock analysts at Truist Financial from $150.00 to $155.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price objective indicates a potential upside of 32.66% from the stock’s previous close.

Several other analysts have also recently issued reports on BDC. Citigroup initiated coverage on shares of Belden in a research report on Friday, June 26th. They set a “buy” rating and a $150.00 target price on the stock. DA Davidson began coverage on Belden in a research note on Tuesday, June 16th. They set a “buy” rating and a $155.00 price objective on the stock. Finally, Weiss Ratings downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Belden presently has an average rating of “Moderate Buy” and an average price target of $158.75.

Check Out Our Latest Analysis on BDC

Belden Trading Down 2.6%

BDC stock opened at $116.84 on Thursday. The firm has a fifty day moving average price of $114.55 and a 200 day moving average price of $121.04. Belden has a fifty-two week low of $101.00 and a fifty-two week high of $159.99. The firm has a market cap of $4.55 billion, a PE ratio of 19.67 and a beta of 1.12. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09.

Belden (NYSE:BDCGet Free Report) 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. Belden had a net margin of 8.49% and a return on equity of 24.47%. The company had revenue of $696.38 million for the quarter, compared to the consensus estimate of $677.03 million. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Belden’s revenue was up 11.4% on a year-over-year basis. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Sell-side analysts anticipate that Belden will post 8.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BDC. UBS Group AG grew its position in Belden by 15.0% in the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock valued at $24,882,000 after acquiring an additional 27,827 shares during the last quarter. Wesbanco Bank Inc. purchased a new stake in shares of Belden in the fourth quarter valued at approximately $1,166,000. Pier Capital LLC bought a new position in shares of Belden during the 4th quarter worth $7,473,000. Leeward Investments LLC MA raised its holdings in shares of Belden by 5.3% in the first quarter. Leeward Investments LLC MA now owns 137,376 shares of the industrial products company’s stock valued at $15,775,000 after acquiring an additional 6,923 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Belden in the fourth quarter valued at about $1,466,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Belden Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Belden (NYSE:BDC)

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