Belden Inc. (BDC) Given Consensus Recommendation of “Buy” by Analysts

Belden Inc. (NYSE:BDC) has received an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $86.75.

A number of equities analysts recently issued reports on BDC shares. Zacks Investment Research upgraded Belden from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Thursday, May 31st. Guggenheim restated a “buy” rating and issued a $90.00 target price on shares of Belden in a report on Wednesday, August 1st. Canaccord Genuity restated a “buy” rating and issued a $88.00 target price on shares of Belden in a report on Wednesday, August 22nd. TheStreet upgraded Belden from a “c” rating to a “b-” rating in a report on Tuesday, August 21st. Finally, ValuEngine upgraded Belden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd.

Shares of NYSE BDC opened at $71.65 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.26 and a current ratio of 1.79. The firm has a market capitalization of $2.91 billion, a P/E ratio of 13.39 and a beta of 2.31. Belden has a 52-week low of $53.65 and a 52-week high of $87.14.

Belden (NYSE:BDC) last issued its earnings results on Wednesday, August 1st. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.06. The business had revenue of $668.64 million for the quarter, compared to analysts’ expectations of $661.83 million. Belden had a return on equity of 20.50% and a net margin of 2.52%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. research analysts expect that Belden will post 6.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Tuesday, September 18th will be given a $0.05 dividend. The ex-dividend date is Monday, September 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. Belden’s dividend payout ratio (DPR) is presently 3.74%.

Institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Belden by 83.0% in the second quarter. US Bancorp DE now owns 2,628 shares of the industrial products company’s stock worth $161,000 after buying an additional 1,192 shares during the period. Howe & Rusling Inc. boosted its position in shares of Belden by 14,270.0% in the second quarter. Howe & Rusling Inc. now owns 2,874 shares of the industrial products company’s stock worth $176,000 after buying an additional 2,854 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in shares of Belden in the second quarter worth $210,000. Highbridge Capital Management LLC acquired a new stake in shares of Belden in the first quarter worth $240,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Belden in the second quarter worth $225,000.

About Belden

Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.

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Analyst Recommendations for Belden (NYSE:BDC)

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