Belden (NYSE:BDC) Earns Buy Rating from Benchmark

Benchmark reiterated their buy rating on shares of Belden (NYSE:BDC - Free Report) in a report released on Monday, MarketBeat reports. The firm currently has a $130.00 price target on the industrial products company's stock.

Several other equities research analysts also recently weighed in on BDC. Truist Financial increased their target price on shares of Belden from $124.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a research note on Monday. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $130.25.

Belden Stock Performance

NYSE BDC traded up $1.82 during trading hours on Monday, hitting $114.46. The company had a trading volume of 205,295 shares, compared to its average volume of 250,679. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.43 and a current ratio of 1.92. Belden has a 1-year low of $78.64 and a 1-year high of $131.82. The company has a market cap of $4.62 billion, a PE ratio of 23.80 and a beta of 1.08. The business has a 50 day moving average of $116.47 and a 200-day moving average of $113.45.

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Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. As a group, equities research analysts expect that Belden will post 7.76 EPS for the current year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.17%. Belden's dividend payout ratio (DPR) is 4.16%.

Insider Buying and Selling

In related news, SVP Leah Tate sold 2,400 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the transaction, the senior vice president now directly owns 23,243 shares of the company's stock, valued at $2,667,599.11. This represents a 9.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in Belden in the fourth quarter valued at about $26,000. GAMMA Investing LLC increased its holdings in Belden by 72.2% in the third quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company's stock valued at $33,000 after buying an additional 117 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Belden in the third quarter valued at about $33,000. First Horizon Advisors Inc. increased its holdings in Belden by 97.7% in the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company's stock valued at $50,000 after buying an additional 209 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock valued at $94,000 after buying an additional 199 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation 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 to the home, and building automation.