Shares of Belden Inc. (NYSE:BDC – Get Rating) have earned a consensus recommendation of "Buy" from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $78.50.

Several brokerages have commented on BDC. Truist Financial upped their target price on shares of Belden from $67.00 to $77.00 in a research report on Thursday, August 4th. The Goldman Sachs Group raised their target price on shares of Belden from $59.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, August 4th.

Insider Buying and Selling

In other Belden news, Director Jonathan C. Klein sold 1,000 shares of Belden stock in a transaction 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 sale, the director now owns 15,053 shares of the company's stock, valued at approximately $1,007,045.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Belden news, CEO Roel Vestjens sold 14,424 shares of the company's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $66.66, for a total transaction of $961,503.84. Following the transaction, the chief executive officer now owns 44,865 shares of the company's stock, valued at approximately $2,990,700.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jonathan C. Klein sold 1,000 shares of the company's stock in a transaction on Monday, August 8th. The shares were sold at an average price of $66.90, for a total transaction of $66,900.00. Following the sale, the director now owns 15,053 shares of the company's stock, valued at approximately $1,007,045.70. The disclosure for this sale can be found here. Insiders sold a total of 19,424 shares of company stock worth $1,294,844 over the last 90 days. 1.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Belden

Belden Stock Performance

Shares of NYSE:BDC opened at $60.02 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.39 and a quick ratio of 1.72. Belden has a 12 month low of $47.89 and a 12 month high of $70.97. The firm has a market capitalization of $2.61 billion, a PE ratio of 31.59 and a beta of 1.33. The business has a 50-day moving average of $65.36 and a two-hundred day moving average of $58.39.

Belden (NYSE:BDC – Get Rating) last released its earnings results on Wednesday, August 3rd. The industrial products company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. Belden had a return on equity of 25.73% and a net margin of 3.37%. The company had revenue of $666.60 million for the quarter, compared to the consensus estimate of $633.68 million. During the same quarter last year, the business posted $1.21 EPS. Belden's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, research analysts forecast that Belden will post 6.04 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, September 14th. Belden's dividend payout ratio is currently 10.53%.

About Belden

(Get Rating)

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.

Recommended Stories

• Get a free copy of the StockNews.com research report on Belden (BDC)
• EV Battery Maker Freyr Set For Major Global Expansion
• MarketBeat: Week in Review 9/26 – 9/30
• This Is A Memorable Time To Buy Into Micron Technology
• Let Paychex Stock Work Hard For You
• Thor Industries Hammers Out A Bottom

Receive News & Ratings for Belden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden and related companies with MarketBeat.com's FREE daily email newsletter.