Analysts Set Belden Inc (NYSE:BDC) Target Price at $160.00

Shares of Belden Inc (NYSE:BDC) have received an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $160.00.

Several research firms have commented on BDC. Zacks Research downgraded Belden from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Citigroup started coverage on shares of Belden in a research note on Friday, June 26th. They set a “buy” rating and a $150.00 price target for the company. Truist Financial reissued a “buy” rating and set a $145.00 price target (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Weiss Ratings raised shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Wall Street Zen lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th.

Belden Stock Performance

Shares of NYSE BDC opened at $122.22 on Monday. The company has a market capitalization of $4.78 billion, a P/E ratio of 19.87 and a beta of 1.09. The stock has a 50 day moving average of $116.80 and a 200-day moving average of $119.33. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. Belden has a 12 month low of $98.00 and a 12 month high of $159.99.

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

Belden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued 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 is Wednesday, September 16th. Belden’s payout ratio is presently 3.25%.

Institutional Trading of Belden

Hedge funds and other institutional investors have recently modified their holdings of the business. Ancora Advisors LLC bought a new position in shares of Belden in the second quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Belden by 12,950.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 259 shares during the period. Allworth Financial LP purchased a new position in shares of Belden during the second quarter valued at approximately $35,000. EverSource Wealth Advisors LLC raised its stake in Belden by 134.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after buying an additional 165 shares during the last quarter. Finally, Caitlin John LLC bought a new position in shares of Belden during the 2nd quarter valued at $49,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Company Profile

Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high?performance, reliable products for harsh environments.