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

Shares of Belden Inc. (NYSE:BDC) have been given an average rating of “Buy” by the five analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $128.20.

Several equities analysts recently issued reports on the company. Loop Capital reduced their price objective on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of Belden in a research report on Monday, February 10th. StockNews.com lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group dropped their price objective on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th.

Belden Price Performance

BDC opened at $94.76 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. Belden has a 1-year low of $80.90 and a 1-year high of $131.82. The company has a 50-day moving average of $104.26 and a 200-day moving average of $113.53. The company has a market capitalization of $3.77 billion, a P/E ratio of 19.70 and a beta of 1.07.

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

Belden Announces Dividend

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

Insider Transactions at Belden

In other Belden news, Director Gregory James Mccray sold 4,200 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.21, for a total transaction of $441,882.00. Following the completion of the sale, the director now directly owns 4,199 shares of the company’s stock, valued at approximately $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ashish Chand sold 14,535 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the completion of the transaction, the chief executive officer now owns 107,129 shares of the company’s stock, valued at approximately $11,939,527.05. The trade was a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,428 shares of company stock valued at $2,589,774. Company insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Belden by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company’s stock valued at $112,580,000 after purchasing an additional 5,727 shares during the period. Polen Capital Management LLC purchased a new position in Belden during the fourth quarter valued at approximately $2,723,000. Norges Bank purchased a new position in Belden during the fourth quarter valued at approximately $54,167,000. Dynamic Technology Lab Private Ltd acquired a new position in Belden in the 4th quarter valued at approximately $443,000. Finally, Barclays PLC lifted its position in Belden by 189.4% in the 3rd quarter. Barclays PLC now owns 80,132 shares of the industrial products company’s stock worth $9,386,000 after buying an additional 52,439 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

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.