Belden Inc. (NYSE:BDC) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $60.01.

A number of brokerages have recently weighed in on BDC. ValuEngine raised Belden from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 7th. Zacks Investment Research lowered Belden from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th.

Shares of NYSE:BDC traded down $0.27 during trading on Monday, reaching $53.47. 243,850 shares of the stock were exchanged, compared to its average volume of 393,927. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.94 and a quick ratio of 1.44. Belden has a 1-year low of $37.79 and a 1-year high of $64.33. The stock has a fifty day moving average of $53.43 and a two-hundred day moving average of $52.51. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 8.82 and a beta of 2.36.

Belden (NYSE:BDC) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.23). Belden had a positive return on equity of 18.09% and a negative net margin of 7.44%. The firm had revenue of $620.32 million for the quarter, compared to analyst estimates of $632.68 million. During the same period in the previous year, the company earned $1.72 earnings per share. Belden’s revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts forecast that Belden will post 4.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, December 18th. Belden’s payout ratio is currently 3.30%.

In related news, insider Biddle Neil purchased 300,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average cost of $0.10 per share, with a total value of $30,000.00. Insiders purchased a total of 1,556,961 shares of company stock valued at $150,668 over the last three months. 1.52% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its position in Belden by 6.5% in the 2nd quarter. Janus Henderson Group PLC now owns 5,537,725 shares of the industrial products company’s stock valued at $329,882,000 after buying an additional 338,127 shares during the last quarter. Northern Trust Corp raised its position in Belden by 7.0% in the 2nd quarter. Northern Trust Corp now owns 1,044,727 shares of the industrial products company’s stock valued at $62,233,000 after buying an additional 68,429 shares during the last quarter. LSV Asset Management raised its position in Belden by 56.0% in the 2nd quarter. LSV Asset Management now owns 799,500 shares of the industrial products company’s stock valued at $47,626,000 after buying an additional 287,100 shares during the last quarter. Macquarie Group Ltd. raised its position in Belden by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 761,399 shares of the industrial products company’s stock valued at $45,357,000 after buying an additional 28,796 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Belden by 4.3% in the 2nd quarter. Wells Fargo & Company MN now owns 586,660 shares of the industrial products company’s stock valued at $34,947,000 after buying an additional 24,409 shares during the last quarter.

Belden Company Profile

Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.

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Analyst Recommendations for Belden (NYSE:BDC)

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