Belden Inc. (NYSE:BDC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Belden Inc. (NYSE:BDC) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $103.00.

Several research analysts have issued reports on BDC shares. StockNews.com upgraded shares of Belden from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial raised their target price on shares of Belden from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Friday.

Belden Stock Performance

Shares of NYSE BDC opened at $88.23 on Tuesday. The stock has a fifty day moving average price of $87.12 and a two-hundred day moving average price of $78.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.72 and a current ratio of 2.55. The firm has a market cap of $3.59 billion, a P/E ratio of 17.27 and a beta of 1.07. Belden has a 1 year low of $60.54 and a 1 year high of $99.13.

Belden (NYSE:BDC) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.19. The firm had revenue of $536.00 million for the quarter, compared to analyst estimates of $514.27 million. Belden had a net margin of 9.01% and a return on equity of 23.11%. The firm’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. Research analysts forecast that Belden will post 5.33 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Wednesday, March 13th. Belden’s dividend payout ratio (DPR) is currently 3.91%.

Insider Transactions at Belden

In related news, EVP Brian Lieser sold 2,056 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.30, for a total transaction of $169,208.80. Following the transaction, the executive vice president now directly owns 21,772 shares of the company’s stock, valued at $1,791,835.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.59% of the stock is currently owned by insiders.

Institutional Trading of Belden

Large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new stake in shares of Belden in the first quarter worth $32,000. Whittier Trust Co. raised its stake in Belden by 662.2% during the 1st quarter. Whittier Trust Co. now owns 343 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 298 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Belden by 41.7% during the 4th quarter. Quadrant Capital Group LLC now owns 829 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 244 shares during the last quarter. Principal Securities Inc. acquired a new position in Belden during the 4th quarter valued at $72,000. Finally, TFO Wealth Partners LLC increased its holdings in Belden by 33,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,008 shares of the industrial products company’s stock valued at $78,000 after buying an additional 1,005 shares during the period. 98.75% of the stock is owned by institutional investors.

About Belden

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.