Belden Inc. (NYSE:BDC) Receives $130.25 Consensus Target Price from Analysts

Shares of Belden Inc. (NYSE:BDC) have been assigned a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $128.20.

A number of equities analysts recently weighed in on the company. Loop Capital reduced their price target on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group reduced their target price on Belden from $139.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday. Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Belden in a research note on Monday, February 10th. Finally, StockNews.com cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 4th.

Belden Stock Performance

Shares of BDC stock opened at $93.37 on Thursday. The stock has a market cap of $3.76 billion, a PE ratio of 19.41 and a beta of 1.07. Belden has a 52-week low of $80.90 and a 52-week high of $131.82. The business has a 50-day simple moving average of $104.69 and a 200-day simple moving average of $113.70. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. On average, equities analysts expect that Belden will post 7.07 EPS for the current year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. Belden’s dividend payout ratio (DPR) is presently 4.16%.

Insiders Place Their Bets

In related news, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total value of $234,190.00. Following the completion of the sale, the director now owns 9,968 shares in the company, valued at approximately $1,096,480. This trade represents a 17.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Leah Tate sold 2,400 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the transaction, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. This trade represents a 9.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,428 shares of company stock valued at $2,589,774. Insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Belden

Several hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Belden in the fourth quarter valued at approximately $26,000. Quarry LP grew its stake in shares of Belden by 208.7% in the fourth quarter. Quarry LP now owns 392 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 265 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Belden during the fourth quarter worth $61,000. First Horizon Advisors Inc. raised its stake in shares of Belden by 49.9% in the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 211 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

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.