Brokerages Set Belden Inc (NYSE:BDC) Price Target at $140.00

Shares of Belden Inc (NYSE:BDC) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $140.00.

Several analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Belden from $149.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Wall Street Zen lowered shares of Belden from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th.

Belden Stock Down 0.3%

Shares of NYSE:BDC opened at $118.46 on Friday. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 21.04 and a beta of 1.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.37. The business’s 50-day moving average is $117.07 and its 200-day moving average is $120.33. Belden has a 1 year low of $83.18 and a 1 year high of $133.77.

Belden (NYSE:BDC) last released its earnings results on Thursday, October 30th. The industrial products company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. The business had revenue of $698.22 million during the quarter, compared to analysts’ expectations of $679.61 million. Belden had a return on equity of 23.95% and a net margin of 8.57%.The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities research analysts predict that Belden will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, December 11th. Belden’s payout ratio is presently 3.55%.

Insider Transactions at Belden

In related news, SVP Leah Tate sold 2,554 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $120.00, for a total transaction of $306,480.00. Following the transaction, the senior vice president directly owned 27,835 shares of the company’s stock, valued at approximately $3,340,200. This represents a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Doug Zink sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $125.00, for a total value of $500,000.00. Following the completion of the sale, the chief accounting officer directly owned 4,642 shares of the company’s stock, valued at $580,250. This trade represents a 46.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,154 shares of company stock valued at $1,371,050 in the last 90 days. Corporate insiders own 1.48% of the company’s stock.

Institutional Trading of Belden

Several hedge funds have recently bought and sold shares of BDC. Maseco LLP acquired a new position in Belden during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Belden by 12,950.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock valued at $31,000 after buying an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 165 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Belden by 234.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 232 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Belden in the 2nd quarter worth about $52,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.