Belden Inc. (BDC) Given Consensus Rating of “Buy” by Analysts
Belden Inc. (NYSE:BDC) has been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $86.75.
BDC has been the topic of several recent research reports. Guggenheim restated a “buy” rating and set a $90.00 target price on shares of Belden in a report on Wednesday, August 1st. Canaccord Genuity restated a “buy” rating and set a $88.00 target price on shares of Belden in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Belden from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Thursday, May 31st. TheStreet upgraded Belden from a “c” rating to a “b-” rating in a report on Tuesday, August 21st. Finally, ValuEngine upgraded Belden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd.
BDC opened at $71.65 on Wednesday. The firm has a market cap of $2.91 billion, a P/E ratio of 13.39 and a beta of 2.31. Belden has a 1 year low of $53.65 and a 1 year high of $87.14. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 1.10.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Tuesday, September 18th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, September 17th. This represents a $0.20 annualized dividend and a yield of 0.28%. Belden’s dividend payout ratio (DPR) is currently 3.74%.
Institutional investors have recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of Belden by 83.0% in the second quarter. US Bancorp DE now owns 2,628 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 1,192 shares during the period. Howe & Rusling Inc. increased its stake in shares of Belden by 14,270.0% in the second quarter. Howe & Rusling Inc. now owns 2,874 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 2,854 shares during the period. Balter Liquid Alternatives LLC bought a new position in shares of Belden in the second quarter worth about $210,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Belden in the second quarter worth about $225,000. Finally, Palouse Capital Management Inc. bought a new position in shares of Belden in the second quarter worth about $227,000.
Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.
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