Belden - BDC Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Belden in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BDC shares.
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6 brokerages have issued 1-year price objectives for Belden's shares. Their BDC share price forecasts range from $86.00 to $110.00. On average, they expect the company's share price to reach $97.00 in the next year. This suggests a possible upside of 15.9% from the stock's current price.
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Belden's stock was trading at $71.90 at the beginning of 2023. Since then, BDC shares have increased by 16.4% and is now trading at $83.71.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Belden Inc. (NYSE:BDC) released its quarterly earnings data on Wednesday, February, 8th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.09. The industrial products company earned $659.07 million during the quarter, compared to analysts' expectations of $644.17 million. Belden had a net margin of 9.77% and a trailing twelve-month return on equity of 26.70%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 EPS.

Belden declared a quarterly dividend on Wednesday, February 22nd. Investors of record on Tuesday, March 14th will be paid a dividend of $0.05 per share on Thursday, April 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Monday, March 13th.
Read our dividend analysis for BDC.

ETFs with the largest weight of Belden (NYSE:BDC) stock in their portfolio include Invesco Dynamic Networking ETF (PXQ), Global X Internet of Things Thematic ETF (SNSR), Invesco DWA Technology Momentum ETF (PTF), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Invesco S&P MidCap Momentum ETF (XMMO), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco Dynamic Market ETF (PWC) and 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 0.24%. The dividend payout ratio is 3.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BDC will have a dividend payout ratio of 2.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BDC.

Belden issued an update on its FY23 earnings guidance on Wednesday, February, 8th. The company provided earnings per share guidance of $6.60-7.00 for the period, compared to the consensus EPS estimate of $6.49. The company issued revenue guidance of $2.67-2.72 billion, compared to the consensus revenue estimate of $2.57 billion.

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 a variety of institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (4.41%), Victory Capital Management Inc. (4.05%), Victory Capital Management Inc. (4.05%), Dimensional Fund Advisors LP (3.49%), Boston Partners (3.43%) and Allspring Global Investments Holdings LLC (3.39%). Insiders that own company stock include Anshuman Mehrotra, Ashish Chand, Doug Zink, John S Stroup, Jonathan C Klein, Judy L Brown and Roel Vestjens.
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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 $83.71.

Belden (NYSE:BDC) has a market capitalization of $3.59 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 $5.75 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.