Belden Inc (NYSE:BDC) Stock Has Average Target Price of $156.00 According to Brokerages

Belden Inc (NYSE:BDC) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $156.00.

BDC has been the subject of a number of research reports. Zacks Research cut shares of Belden from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Weiss Ratings upgraded shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Wall Street Zen cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Citigroup started coverage on shares of Belden in a research note on Friday, June 26th. They issued a “buy” rating and a $150.00 price target for the company. Finally, Truist Financial reaffirmed a “buy” rating and set a $145.00 price objective (down from $155.00) on shares of Belden in a research report on Friday, July 31st.

Hedge Funds Weigh In On Belden

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC raised its holdings in Belden by 103.1% in the second quarter. Tidal Investments LLC now owns 5,506 shares of the industrial products company’s stock valued at $660,000 after acquiring an additional 2,795 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Belden by 111.4% during the 2nd quarter. Squarepoint Ops LLC now owns 23,192 shares of the industrial products company’s stock worth $2,781,000 after acquiring an additional 12,219 shares in the last quarter. Nykredit A S acquired a new position in Belden during the 2nd quarter worth approximately $171,000. Corient Private Wealth LP lifted its holdings in Belden by 61.3% during the 2nd quarter. Corient Private Wealth LP now owns 3,699 shares of the industrial products company’s stock worth $443,000 after buying an additional 1,406 shares during the last quarter. Finally, Amundi boosted its position in shares of Belden by 6.4% during the 2nd quarter. Amundi now owns 8,891 shares of the industrial products company’s stock worth $1,066,000 after acquiring an additional 534 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Price Performance

BDC opened at $109.28 on Friday. The stock’s 50-day moving average price is $118.80 and its 200 day moving average price is $116.18. Belden has a 12-month low of $98.00 and a 12-month high of $159.99. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 17.77 and a beta of 1.09.

Belden (NYSE:BDC) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.32. The company had revenue of $750.16 million during the quarter, compared to analysts’ expectations of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.Belden’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the business posted $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, sell-side analysts expect that Belden will post 8.69 earnings per share for the current year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden’s payout ratio is presently 3.25%.

Belden Company Profile

Belden Inc (NYSE: BDC) is a global provider of signal transmission, connectivity and networking solutions. The company designs and manufactures products that help businesses transmit data, video and other signals across enterprise, industrial and broadcast environments.

Its offerings include copper and fiber-optic cable, connectivity components, networking equipment, industrial automation and control products, and solutions for data centers, commercial buildings and industrial facilities.