Belden Inc (NYSE:BDC) Stock Has Average Target Price of $156.00

Belden Inc (NYSE:BDC) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $156.00.

Several analysts have recently weighed in on BDC shares. Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. DA Davidson increased their target price on shares of Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Wall Street Zen cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Truist Financial restated a “buy” rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a research note on Friday, July 31st.

Institutional Trading of Belden

A number of large investors have recently made changes to their positions in BDC. Ancora Advisors LLC acquired a new stake in Belden during the 2nd quarter worth $27,000. Allworth Financial LP acquired a new position in Belden in the second quarter valued at $35,000. Caitlin John LLC purchased a new stake in shares of Belden in the second quarter valued at about $49,000. Clearstead Advisors LLC raised its holdings in shares of Belden by 208.1% in the fourth quarter. Clearstead Advisors LLC now owns 530 shares of the industrial products company’s stock valued at $62,000 after buying an additional 358 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Belden during the second quarter worth about $69,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Price Performance

Belden stock opened at $112.55 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $118.44 and a 200-day simple moving average of $116.39. The stock has a market cap of $4.40 billion, a P/E ratio of 18.30 and a beta of 1.09. Belden has a 12-month low of $98.00 and a 12-month high of $159.99.

Belden (NYSE:BDC) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.02 by $0.32. Belden had a return on equity of 25.00% and a net margin of 8.52%.The firm had revenue of $750.16 million for the quarter, compared to analyst estimates of $746.75 million. During the same quarter in the prior year, the company posted $1.89 earnings per share. Belden’s revenue for the quarter was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Equities analysts expect that Belden will post 8.69 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden’s payout ratio is presently 3.25%.

About Belden

Belden Inc (NYSE: BDC) is a global provider of signal transmission, connectivity and networking solutions. The company designs and manufactures products that help businesses transmit data, video and other signals across enterprise, industrial and broadcast environments.

Its offerings include copper and fiber-optic cable, connectivity components, networking equipment, industrial automation and control products, and solutions for data centers, commercial buildings and industrial facilities.