Brokerages Set Belden (BDC) Target Price at $91.80

Belden (NYSE:BDC) has earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $91.80.

A number of brokerages have recently weighed in on BDC. ValuEngine lowered Belden from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $90.00 target price on shares of Belden in a research report on Friday, March 30th. Zacks Investment Research lowered Belden from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. SunTrust Banks raised Belden from a “hold” rating to a “buy” rating in a research report on Monday, March 26th. Finally, Cross Research raised Belden from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

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Shares of NYSE:BDC traded up $1.06 during trading on Wednesday, reaching $66.50. 103,491 shares of the stock were exchanged, compared to its average volume of 418,073. The company has a quick ratio of 1.58, a current ratio of 2.02 and a debt-to-equity ratio of 1.09. Belden has a 1-year low of $64.51 and a 1-year high of $87.14. The firm has a market capitalization of $2,743.94, a price-to-earnings ratio of 12.47 and a beta of 2.34.

Belden (NYSE:BDC) last issued its earnings results on Thursday, February 1st. The industrial products company reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.15). Belden had a return on equity of 18.20% and a net margin of 3.90%. The firm had revenue of $604.88 million for the quarter, compared to analyst estimates of $648.92 million. During the same period in the previous year, the company earned $1.42 earnings per share. Belden’s revenue for the quarter was down 1.2% compared to the same quarter last year. equities research analysts anticipate that Belden will post 6.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Wednesday, March 14th. Belden’s payout ratio is currently 3.74%.

In related news, SVP Ross Rosenberg sold 779 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $75.00, for a total value of $58,425.00. Following the completion of the sale, the senior vice president now directly owns 5,329 shares of the company’s stock, valued at approximately $399,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.31% of the company’s stock.

Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Belden by 41.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 718 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Belden in the 4th quarter valued at $197,000. Zeke Capital Advisors LLC bought a new position in Belden in the 4th quarter valued at $202,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Belden by 550.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 2,229 shares during the period. Finally, OxFORD Asset Management LLP bought a new position in Belden in the 3rd quarter valued at $224,000.

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Belden Company Profile

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.

Analyst Recommendations for Belden (NYSE:BDC)

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