Belden Inc. (NYSE:BDC) Receives Average Rating of "Hold" from Analysts

Thursday, April 8, 2021 | MarketBeat

Belden Inc. (NYSE:BDC) has earned an average recommendation of "Hold" from the eight research firms that are covering the company, reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.50.

Several analysts have weighed in on BDC shares. Truist upped their price objective on shares of Belden from $41.00 to $50.00 in a research note on Wednesday, December 16th. Zacks Investment Research cut shares of Belden from a "buy" rating to a "hold" rating in a research note on Monday, February 15th. Finally, Canaccord Genuity upped their price objective on shares of Belden from $46.00 to $47.00 and gave the stock a "hold" rating in a research note on Thursday, February 11th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BDC. Beese Fulmer Investment Management Inc. bought a new stake in shares of Belden during the fourth quarter valued at approximately $58,000. Federated Hermes Inc. grew its stake in shares of Belden by 14.5% during the third quarter. Federated Hermes Inc. now owns 4,161 shares of the industrial products company's stock valued at $129,000 after purchasing an additional 528 shares during the last quarter. Alpha Paradigm Partners LLC bought a new stake in shares of Belden during the fourth quarter valued at approximately $200,000. RMB Capital Management LLC bought a new stake in shares of Belden during the fourth quarter valued at approximately $201,000. Finally, Cim Investment Mangement Inc. bought a new stake in shares of Belden during the fourth quarter valued at approximately $219,000.

NYSE BDC opened at $44.38 on Thursday. The stock has a market cap of $1.98 billion, a P/E ratio of -9.59 and a beta of 1.57. The company's 50-day simple moving average is $44.65 and its 200 day simple moving average is $40.66. Belden has a twelve month low of $26.48 and a twelve month high of $54.80. The company has a quick ratio of 1.66, a current ratio of 2.20 and a debt-to-equity ratio of 1.88.

Belden (NYSE:BDC) last posted its earnings results on Tuesday, February 9th. The industrial products company reported $0.90 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.77 by $0.13. The business had revenue of $498.50 million for the quarter, compared to analysts' expectations of $481.81 million. Belden had a negative net margin of 10.95% and a positive return on equity of 15.55%. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Research analysts anticipate that Belden will post 2.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 7th. Stockholders of record on Friday, March 12th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. Belden's dividend payout ratio (DPR) is currently 4.42%.

About Belden

Belden Inc operates as a signal transmission solutions company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, fiber, and home and building automation.

Recommended Story: Options Trading - Understanding Strike Price

Analyst Recommendations for Belden (NYSE:BDC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Learning About the VIX - Volatility Index

7 Stocks to Support Your New Year’s Resolutions

After a year like 2020, many Americans figure that just getting to 2021 was enough. But for many people, the start of a new year still means making resolutions. And while many Americans are still waking up to Groundhog’s Day, there is hope that things will look dramatically different in September than they do right now.

Some of the most popular resolutions include losing weight, exercising more, or taking steps to get our life and/or business more organized. And many pure-play companies lean into these trends and are doing well.

As an alternative to this, you can also invest in companies that are not pure plays but can still benefit from consumers looking to start fresh. Owning these stocks helps you manage your risk. If the trend holds, you can ride the wave. On the other hand, if the wave turns into a ripple, the stocks have other catalysts to get them through.

In this special presentation, we’ll take a look at both of these categories. We’ve got several pure-play companies that let investors buy stocks in companies benefiting from these trends. We’ll also give you a few stocks that fall in the latter category.

These are stocks that you might buy at any time and for many reasons. However, they present excellent buys as the new year begins.

View the "7 Stocks to Support Your New Year’s Resolutions".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.