Belden Inc. (NYSE:BDC) Director Sells $441,882.00 in Stock

Belden Inc. (NYSE:BDC - Get Free Report) Director Gregory James Mccray sold 4,200 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.21, for a total transaction of $441,882.00. Following the sale, the director now directly owns 4,199 shares in the company, valued at $441,776.79. This trade represents a 50.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Belden Stock Performance

Shares of NYSE:BDC traded down $2.61 on Monday, hitting $101.86. 107,540 shares of the company were exchanged, compared to its average volume of 254,812. The firm has a market capitalization of $4.10 billion, a P/E ratio of 21.19 and a beta of 1.02. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. Belden Inc. has a 1-year low of $80.90 and a 1-year high of $131.82. The stock's 50 day moving average price is $113.84 and its 200 day moving average price is $115.05.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. Sell-side analysts predict that Belden Inc. will post 7.07 EPS for the current year.

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Belden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Thursday, March 13th. Belden's payout ratio is 4.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Benchmark reissued a "buy" rating and issued a $130.00 price objective on shares of Belden in a research note on Monday, February 10th. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Loop Capital dropped their target price on shares of Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $130.25.

Institutional Trading of Belden

A number of institutional investors and hedge funds have recently modified their holdings of BDC. US Bancorp DE grew its stake in Belden by 7.4% during the 3rd quarter. US Bancorp DE now owns 2,794 shares of the industrial products company's stock valued at $327,000 after acquiring an additional 193 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Belden by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,465 shares of the industrial products company's stock valued at $406,000 after acquiring an additional 148 shares during the last quarter. Atria Investments Inc boosted its position in shares of Belden by 9.5% during the third quarter. Atria Investments Inc now owns 6,340 shares of the industrial products company's stock worth $743,000 after buying an additional 552 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Belden in the 3rd quarter valued at $608,000. Finally, GSA Capital Partners LLP purchased a new position in Belden during the 3rd quarter valued at about $687,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

About Belden

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.