Belden Inc. (NYSE:BDC) Given Average Rating of “Buy” by Brokerages

Belden Inc. (NYSE:BDC) has received a consensus rating of “Buy” from the five ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $112.00.

Several equities analysts have recently weighed in on BDC shares. Benchmark lifted their target price on shares of Belden from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Vertical Research started coverage on shares of Belden in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Truist Financial raised their target price on Belden from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

Insider Buying and Selling

In related news, SVP Brian Edward Anderson sold 6,556 shares of Belden stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.46, for a total value of $658,615.76. Following the sale, the senior vice president now directly owns 32,829 shares in the company, valued at approximately $3,298,001.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Nancy E. Calderon sold 2,500 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.98, for a total value of $239,950.00. Following the completion of the sale, the director now directly owns 6,954 shares in the company, valued at $667,444.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian Edward Anderson sold 6,556 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.46, for a total transaction of $658,615.76. Following the transaction, the senior vice president now owns 32,829 shares in the company, valued at $3,298,001.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,318 shares of company stock worth $1,020,715 in the last 90 days. Insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BDC. Matrix Trust Co acquired a new stake in shares of Belden in the third quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Belden in the 2nd quarter worth $28,000. Whittier Trust Co. raised its holdings in shares of Belden by 662.2% during the 1st quarter. Whittier Trust Co. now owns 343 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 298 shares during the period. GAMMA Investing LLC boosted its position in shares of Belden by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Belden in the second quarter valued at about $95,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Trading Down 1.7 %

NYSE BDC opened at $117.84 on Tuesday. The company has a fifty day moving average of $109.16 and a 200 day moving average of $98.07. The company has a market capitalization of $4.79 billion, a PE ratio of 23.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.70 and a quick ratio of 1.25. Belden has a 1 year low of $60.54 and a 1 year high of $123.03.

Belden (NYSE:BDC) last issued its earnings results on Thursday, August 1st. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $604.34 million for the quarter, compared to the consensus estimate of $574.32 million. Belden had a return on equity of 21.13% and a net margin of 8.51%. The company’s revenue was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 earnings per share. Research analysts forecast that Belden will post 6.04 earnings per share for the current year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.17%. Belden’s dividend payout ratio (DPR) is 3.91%.

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.