Belden Inc. (NYSE:BDC) Receives $126.20 Consensus Price Target from Analysts

Belden Inc. (NYSE:BDC - Get Free Report) has been assigned an average rating of "Buy" from the five research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $126.20.

Several analysts have commented on BDC shares. The Goldman Sachs Group reduced their price objective on Belden from $139.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Loop Capital dropped their price objective on shares of Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Benchmark reiterated a "buy" rating and set a $120.00 price target on shares of Belden in a research note on Monday.

Insider Buying and Selling at Belden

In other Belden news, CEO Ashish Chand sold 14,535 shares of Belden stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the transaction, the chief executive officer now directly owns 107,129 shares of the company's stock, valued at $11,939,527.05. The trade was a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Leah Tate sold 2,400 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the sale, the senior vice president now directly owns 23,243 shares of the company's stock, valued at $2,667,599.11. The trade was a 9.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,428 shares of company stock worth $2,589,774. 1.48% of the stock is owned by corporate insiders.

Institutional Trading of Belden

Several large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Belden in the fourth quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in Belden in the first quarter valued at approximately $35,000. Quarry LP raised its stake in shares of Belden by 208.7% during the fourth quarter. Quarry LP now owns 392 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 265 shares during the period. GAMMA Investing LLC boosted its stake in shares of Belden by 34.7% in the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 115 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in Belden during the 1st quarter worth $47,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Belden Stock Performance

Shares of Belden stock traded up $2.41 on Monday, hitting $107.44. The stock had a trading volume of 235,319 shares, compared to its average volume of 274,904. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 22.34 and a beta of 1.24. Belden has a 52-week low of $83.18 and a 52-week high of $131.82. The company's 50 day moving average price is $99.78 and its 200 day moving average price is $111.39. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.12. The business had revenue of $624.86 million during the quarter, compared to the consensus estimate of $615.81 million. Belden had a return on equity of 21.42% and a net margin of 8.06%. The company's revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. On average, research analysts anticipate that Belden will post 7.07 EPS for the current year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Thursday, March 13th. Belden's dividend payout ratio is currently 3.86%.

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.