Belden (BDC) Sets New 12-Month Low at $50.80

Belden Inc. (NYSE:BDC)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $50.80 and last traded at $51.25, with a volume of 67037 shares trading hands. The stock had previously closed at $56.80.

BDC has been the subject of several research reports. Guggenheim reiterated a “buy” rating and set a $90.00 price objective on shares of Belden in a research report on Wednesday, August 1st. Canaccord Genuity reiterated a “buy” rating and set a $88.00 price objective on shares of Belden in a research report on Wednesday, August 22nd. Zacks Investment Research lowered shares of Belden from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. TheStreet upgraded shares of Belden from a “c” rating to a “b-” rating in a research report on Tuesday, August 21st. Finally, ValuEngine upgraded shares of Belden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $86.75.

The firm has a market capitalization of $2.30 billion, a PE ratio of 9.74 and a beta of 2.28. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.26 and a current ratio of 1.79.



Belden (NYSE:BDC) last released its earnings results on Wednesday, October 31st. The industrial products company reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.02. The firm had revenue of $659.00 million during the quarter, compared to analyst estimates of $679.15 million. Belden had a net margin of 2.52% and a return on equity of 20.50%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $1.49 EPS. As a group, equities analysts forecast that Belden Inc. will post 6.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Tuesday, September 18th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. Belden’s dividend payout ratio (DPR) is presently 3.74%.

Several institutional investors have recently added to or reduced their stakes in the company. WBI Investments Inc. bought a new stake in shares of Belden in the 3rd quarter worth about $379,000. James Investment Research Inc. bought a new stake in shares of Belden in the 3rd quarter worth about $2,107,000. Strs Ohio lifted its holdings in shares of Belden by 1.4% in the 3rd quarter. Strs Ohio now owns 72,200 shares of the industrial products company’s stock worth $5,155,000 after acquiring an additional 1,000 shares during the last quarter. Foundry Partners LLC lifted its holdings in shares of Belden by 2.5% in the 3rd quarter. Foundry Partners LLC now owns 99,601 shares of the industrial products company’s stock worth $7,113,000 after acquiring an additional 2,407 shares during the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of Belden in the 3rd quarter worth about $159,000.

About Belden (NYSE:BDC)

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.

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