Belden Inc (NYSE:BDC) Receives Average Recommendation of “Moderate Buy” from Analysts

Belden Inc (NYSE:BDC) has earned an average rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $140.00.

A number of brokerages have issued reports on BDC. Truist Financial increased their target price on shares of Belden from $149.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th.

Insider Activity

In related news, CAO Doug Zink sold 4,000 shares of Belden stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $125.00, for a total value of $500,000.00. Following the transaction, the chief accounting officer directly owned 4,642 shares of the company’s stock, valued at $580,250. This trade represents a 46.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Leah Tate sold 2,554 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $120.00, for a total value of $306,480.00. Following the completion of the sale, the senior vice president directly owned 27,835 shares in the company, valued at approximately $3,340,200. This represents a 8.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 11,154 shares of company stock valued at $1,371,050. Corporate insiders own 1.48% of the company’s stock.

Hedge Funds Weigh In On Belden

A number of institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in Belden in the first quarter valued at approximately $13,517,000. Russell Investments Group Ltd. increased its holdings in Belden by 156.9% in the first quarter. Russell Investments Group Ltd. now owns 22,789 shares of the industrial products company’s stock worth $2,285,000 after purchasing an additional 13,917 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Belden during the 1st quarter worth approximately $98,000. Capital Fund Management S.A. bought a new stake in Belden in the first quarter valued at $1,245,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Belden by 18.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company’s stock valued at $82,319,000 after buying an additional 125,722 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Belden Stock Performance

Shares of NYSE BDC opened at $117.96 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.37 and a current ratio of 1.99. The stock has a 50 day moving average price of $116.41 and a 200 day moving average price of $119.98. The stock has a market capitalization of $4.64 billion, a PE ratio of 20.76 and a beta of 1.19. Belden has a 52 week low of $83.18 and a 52 week high of $133.77.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. Belden had a return on equity of 23.95% and a net margin of 8.57%.The company had revenue of $698.22 million for the quarter, compared to analysts’ expectations of $679.61 million. During the same quarter in the prior year, the business posted $1.70 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. Analysts predict that Belden will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.20 annualized dividend and a yield of 0.2%. Belden’s dividend payout ratio is currently 3.55%.

Belden Company Profile

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.