Belden - BDC Stock Forecast, Price & News

Belden Inc. provides portfolio of signal transmission solutions 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, 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, and home and building automation. It also provides power, cooling, and airflow management products for mission-critical data center operations; and end-to-end copper and fiber network systems. This segment serves commercial real estate, hospitality, healthcare, education, financial, government, and broadband and wireless service providers, as well as end-markets, including sport venues, stadiums, data centers, military installations, and academia. The Industrial Solutions segment offers infrastructure components and on-machine connectivity systems; and industrial Ethernet switches, network management software, routers, firewalls, gateways, input/output (I/O) connectors/systems, industrial Ethernet cables, optical fiber industrial Ethernet cables, Fieldbus cables, IP and networking cables, I/O modules, distribution boxes, and customer specific wiring solutions. This segment provides its products for use in applications comprising network and fieldbus infrastructure; sensor and actuator connectivity; and power, control, and data transmission; and supplies heat-shrinkable tubing and wire management products to protect and organize wire and cable assemblies. It serves distributors, original equipment manufacturers, installers, and end-users. The company was formerly known as Belden CDT Inc. and changed its name to Belden Inc. in May 2007. Belden Inc. was founded in 1902 and is based in St. Louis, Missouri.

Belden Stock Performance

NYSE:BDC traded down $1.16 during trading on Tuesday, hitting $66.31. 275,606 shares of the company's stock traded hands, compared to its average volume of 305,319. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 34.90 and a beta of 1.35. Belden has a 12-month low of $47.89 and a 12-month high of $68.87. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.72 and a current ratio of 2.39. The business has a 50 day moving average of $57.63 and a 200-day moving average of $55.79.

Belden (NYSE:BDC - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The industrial products company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.17. Belden had a return on equity of 25.73% and a net margin of 3.37%. The firm had revenue of $666.60 million for the quarter, compared to analysts' expectations of $633.68 million. During the same period in the prior year, the business posted $1.21 earnings per share. The company's revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts anticipate that Belden will post 6 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Wednesday, June 15th. Belden's dividend payout ratio is presently 10.53%.

Analysts Set New Price Targets

BDC has been the topic of a number of analyst reports. StockNews.com raised shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 21st. The Goldman Sachs Group boosted their price target on shares of Belden from $59.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, August 4th. Truist Financial boosted their price target on shares of Belden from $67.00 to $77.00 in a report on Thursday, August 4th. TheStreet raised shares of Belden from a "c+" rating to a "b-" rating in a report on Thursday, May 26th. Finally, Canaccord Genuity Group boosted their price target on shares of Belden from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Thursday, May 5th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Belden presently has an average rating of "Buy" and an average target price of $78.50.

Insider Activity

In other news, SVP Anshuman Mehrotra sold 4,000 shares of the company's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $66.61, for a total transaction of $266,440.00. Following the sale, the senior vice president now directly owns 16,402 shares in the company, valued at $1,092,537.22. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Anshuman Mehrotra sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $66.61, for a total value of $266,440.00. Following the transaction, the senior vice president now directly owns 16,402 shares in the company, valued at $1,092,537.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan C. Klein sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $66.90, for a total transaction of $66,900.00. Following the completion of the transaction, the director now owns 15,053 shares in the company, valued at $1,007,045.70. The disclosure for this sale can be found here. Insiders have sold a total of 19,424 shares of company stock worth $1,294,844 over the last ninety days. Company insiders own 1.06% of the company's stock.