Belden Inc. (NYSE:BDC) Receives $102.25 Consensus PT from Analysts

Shares of Belden Inc. (NYSE:BDC) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $102.25.

Several analysts have commented on BDC shares. Truist Financial lifted their price target on Belden from $89.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 9th. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th.

Insider Transactions at Belden

In other news, EVP Brian Lieser sold 2,056 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.30, for a total transaction of $169,208.80. Following the completion of the sale, the executive vice president now owns 21,772 shares in the company, valued at approximately $1,791,835.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Belden

Several institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. grew its stake in Belden by 4.3% during the 1st quarter. NBC Securities Inc. now owns 7,506 shares of the industrial products company’s stock worth $695,000 after buying an additional 308 shares during the last quarter. Moody National Bank Trust Division grew its stake in Belden by 14.3% during the 1st quarter. Moody National Bank Trust Division now owns 15,521 shares of the industrial products company’s stock worth $1,437,000 after buying an additional 1,941 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Belden in the fourth quarter worth $410,000. Hennessy Advisors Inc. bought a new position in shares of Belden in the fourth quarter worth $2,858,000. Finally, Wellington Management Group LLP grew its stake in shares of Belden by 17.9% in the fourth quarter. Wellington Management Group LLP now owns 985,282 shares of the industrial products company’s stock worth $76,113,000 after purchasing an additional 149,263 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Stock Down 0.4 %

BDC opened at $88.97 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.30 and a quick ratio of 1.72. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 15.72 and a beta of 1.04. The business has a 50-day moving average of $85.19 and a two-hundred day moving average of $79.11. Belden has a 12 month low of $60.54 and a 12 month high of $99.13.

Belden (NYSE:BDC) last posted its quarterly earnings results on Thursday, February 8th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.12 by $0.34. The company had revenue of $551.24 million during the quarter, compared to analysts’ expectations of $522.06 million. Belden had a return on equity of 25.11% and a net margin of 9.66%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. On average, research analysts expect that Belden will post 5.33 earnings per share for the current year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Wednesday, March 13th. Belden’s payout ratio is currently 3.53%.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.