Belden (BDC) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Belden in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BDC shares.
View BDC analyst ratings or view top-rated stocks.

5 analysts have issued twelve-month price objectives for Belden's shares. Their BDC share price forecasts range from $86.00 to $118.00. On average, they predict the company's share price to reach $107.80 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for BDC or view top-rated stocks among Wall Street analysts.

Belden's stock was trading at $71.90 on January 1st, 2023. Since then, BDC shares have increased by 28.4% and is now trading at $92.3150.
View the best growth stocks for 2023 here.

Belden saw a decrease in short interest during the month of August. As of August 15th, there was short interest totaling 908,500 shares, a decrease of 15.1% from the July 31st total of 1,070,000 shares. Based on an average daily trading volume, of 245,100 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.2% of the shares of the stock are short sold.
View Belden's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our BDC earnings forecast.

Belden Inc. (NYSE:BDC) posted its quarterly earnings data on Thursday, August, 3rd. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.16. The industrial products company earned $692.25 million during the quarter, compared to the consensus estimate of $687.49 million. Belden had a net margin of 10.97% and a trailing twelve-month return on equity of 27.11%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 EPS.

Belden declared a quarterly dividend on Monday, August 21st. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.05 per share on Thursday, October 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, September 12th.
Read our dividend analysis for BDC.

ETFs with the largest weight of Belden (NYSE:BDC) stock in their portfolio include Invesco Next Gen Connectivity ETF (PXQ), Global X Internet of Things Thematic ETF (SNSR), Acruence Active Hedge U.S. Equity ETF (XVOL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), T. Rowe Price Small-Mid Cap ETF (TMSL), First Trust Active Factor Small Cap ETF (AFSM) and First Trust Mid Cap Growth AlphaDEX Fund (FNY).First Trust Active Factor Mid Cap ETF (AFMC).

Belden (NYSE:BDC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.21%. The dividend payout ratio is 2.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BDC will have a dividend payout ratio of 2.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BDC.

Belden updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $1.75-$1.85 for the period, compared to the consensus EPS estimate of $1.85. The company issued revenue guidance of $675.00 million-$690.00 million, compared to the consensus revenue estimate of $703.62 million.

1 employees have rated Belden Chief Executive Officer Roel Vestjens on Glassdoor.com. Roel Vestjens has an approval rating of 100% among the company's employees. This puts Roel Vestjens in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Belden investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Gran Tierra Energy (GTE), Och-Ziff Capital Management Group (OZM) and AutoZone (AZO).

Belden trades on the New York Stock Exchange (NYSE) under the ticker symbol "BDC."

Belden's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.80%), Allspring Global Investments Holdings LLC (3.66%), Dimensional Fund Advisors LP (3.56%), State Street Corp (3.44%), Boston Partners (3.36%) and Alliancebernstein L.P. (3.12%). Insiders that own company stock include Anshuman Mehrotra, Ashish Chand, Brian Lieser, Doug Zink, John S Stroup, Jonathan C Klein, Judy L Brown and Roel Vestjens.
View institutional ownership trends.

Shares of BDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BDC stock can currently be purchased for approximately $92.32.

Belden (NYSE:BDC) has a market capitalization of $3.90 billion and generates $2.61 billion in revenue each year. The industrial products company earns $254.66 million in net income (profit) each year or $6.70 on an earnings per share basis.

The company employs 8,000 workers across the globe.

Belden's mailing address is 1 NORTH BRENTWOOD BLVD 15TH FLOOR, ST. LOUIS MO, 63105. The official website for the company is www.belden.com. The industrial products company can be reached via phone at (314) 854-8000, via email at investor.relations@belden.com, or via fax at 314-854-8001.