Belden Stock Price, Forecast & Analysis (NYSE:BDC)

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

Belden declared a quarterly dividend on Wednesday, August 21st. Shareholders of record on Thursday, September 19th will be given a dividend of $0.05 per share on Monday, October 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, September 18th. View Belden's Dividend History.

Belden declared that its board has initiated a stock repurchase plan on Thursday, November 29th 2018, which authorizes the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 13.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Belden Inc. (NYSE:BDC) released its earnings results on Wednesday, October, 30th. The industrial products company reported $1.18 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.41 by $0.23. The industrial products company earned $620.32 million during the quarter, compared to analysts' expectations of $632.68 million. Belden had a positive return on equity of 18.09% and a negative net margin of 7.44%. Belden's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. View Belden's Earnings History.

Belden is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Belden.

Belden updated its fourth quarter earnings guidance on Wednesday, October, 30th. The company provided earnings per share guidance of $1.00 to $1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.71. The company issued revenue guidance of $510 million to $530 million, compared to the consensus revenue estimate of $646.94 million.

6 brokerages have issued 1-year target prices for Belden's shares. Their forecasts range from $54.00 to $70.00. On average, they expect Belden's stock price to reach $60.01 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price. View Analyst Price Targets for Belden.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Belden in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Belden.

News coverage about BDC stock has been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Belden earned a news impact score of -1.4 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Belden.

Some companies that are related to Belden include Emerson Electric (EMR), Eaton (ETN), Roper Technologies (ROP), AMETEK (AME), Rockwell Automation (ROK), Generac (GNRC), Acuity Brands (AYI), Regal Beloit (RBC), EnerSys (ENS), Brady (BRC), Franklin Electric (FELE), Enphase Energy (ENPH), II-VI (IIVI), Vicor (VICR) and Encore Wire (WIRE).

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), Och-Ziff Capital Management Group (OZM), Gran Tierra Energy (GTE) and ALJ Regional (ALJJ).

Belden's stock is owned by a number of of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.53%), Lapides Asset Management LLC (0.47%), Smith Graham & Co. Investment Advisors LP (0.34%), Foundry Partners LLC (0.34%), Rhumbline Advisers (0.27%) and California Public Employees Retirement System (0.20%). Company insiders that own Belden stock include Biddle Neil, Bryan C Cressey, Henk Derksen, John S Stroup, Leo Kulmaczewski, Paul Keith Turner, Roel Vestjens and Ross Rosenberg. View Institutional Ownership Trends for Belden.

BDC stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, New York State Teachers Retirement System, Envestnet Asset Management Inc., Strs Ohio, Comerica Bank, Systematic Financial Management LP, Daiwa Securities Group Inc. and Retirement Systems of Alabama. View Insider Buying and Selling for Belden.

BDC stock was bought by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, State of New Jersey Common Pension Fund D, Smith Graham & Co. Investment Advisors LP, Mackay Shields LLC, Russell Investments Group Ltd., California Public Employees Retirement System, Lapides Asset Management LLC and Foundry Partners LLC. Company insiders that have bought Belden stock in the last two years include Biddle Neil, Bryan C Cressey, Henk Derksen, John S Stroup, Leo Kulmaczewski and Roel Vestjens. View Insider Buying and Selling for Belden.

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

One share of BDC stock can currently be purchased for approximately $52.14.

Belden has a market capitalization of $2.37 billion and generates $2.59 billion in revenue each year. The industrial products company earns $160.89 million in net income (profit) each year or $6.06 on an earnings per share basis. Belden employs 9,000 workers across the globe.View Additional Information About Belden.

The official website for Belden is http://www.belden.com/.

Belden's mailing address is 1 NORTH BRENTWOOD BLVD 15TH FLOOR, ST. LOUIS MO, 63105. The industrial products company can be reached via phone at 314-854-8000 or via email at [email protected]