Belden Inc (NYSE:BDC) Stock Has Average Price Target of $156.00

Belden Inc (NYSE:BDC) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $156.00.

A number of brokerages have commented on BDC. Needham & Company LLC assumed coverage on Belden in a report on Wednesday, September 23rd. They issued a “buy” rating and a $140.00 price objective on the stock. Wall Street Zen downgraded Belden from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Truist Financial reissued a “buy” rating and issued a $145.00 target price (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Zacks Research cut shares of Belden from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Finally, Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th.

Institutional Investors Weigh In On Belden

A number of large investors have recently added to or reduced their stakes in BDC. BlackRock Inc. bought a new position in Belden during the 2nd quarter worth $616,536,000. Bank of New York Mellon Corp bought a new stake in shares of Belden during the 2nd quarter valued at $35,834,000. Bank of America Corp DE bought a new stake in shares of Belden during the 2nd quarter valued at $27,240,000. William Blair Investment Management LLC bought a new stake in shares of Belden during the 2nd quarter valued at $21,361,000. Finally, Kerrisdale Advisers LLC grew its holdings in shares of Belden by 1,440.9% during the 2nd quarter. Kerrisdale Advisers LLC now owns 143,000 shares of the industrial products company’s stock worth $17,147,000 after purchasing an additional 133,720 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Down 3.9%

BDC stock opened at $103.62 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.05 billion, a PE ratio of 16.85 and a beta of 1.13. Belden has a 1-year low of $98.00 and a 1-year high of $159.99. The business’s 50 day simple moving average is $114.29 and its 200 day simple moving average is $115.26.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.32. Belden had a return on equity of 25.00% and a net margin of 8.52%. The business had revenue of $750.16 million during the quarter, compared to the consensus estimate of $746.75 million. During the same quarter last year, the firm posted $1.89 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, research analysts anticipate that Belden will post 8.69 EPS for the current year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, September 16th. Belden’s payout ratio is presently 3.25%.

About Belden

Belden Inc (NYSE: BDC) is a global provider of signal transmission and networking solutions. The company designs and manufactures products that support the secure movement of data, audio and video across enterprise, industrial and broadcast environments.

Its product portfolio includes copper and fiber-optic cable, connectors, patching and rack systems, industrial Ethernet equipment, network infrastructure, cybersecurity and software-enabled solutions. Belden’s offerings are used in applications such as industrial automation, transportation, energy, enterprise networking, data centers, smart buildings and professional broadcasting.

Founded in 1902, Belden serves customers through operations and distribution channels spanning North America, Europe, Asia and other international markets.