Belden Inc. (NYSE:BDC - Get Free Report) SVP Leah Tate sold 2,400 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now directly owns 23,243 shares in the company, valued at $2,667,599.11. This trade represents a 9.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Belden Trading Up 0.2 %
BDC stock traded up $0.20 during midday trading on Friday, hitting $114.59. The stock had a trading volume of 207,575 shares, compared to its average volume of 249,089. Belden Inc. has a 12-month low of $78.64 and a 12-month high of $131.82. The firm has a market cap of $4.62 billion, a PE ratio of 23.72 and a beta of 1.08. The company's 50-day moving average price is $116.47 and its 200 day moving average price is $113.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.43.
Belden (NYSE:BDC - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating 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%. On average, equities research analysts predict that Belden Inc. will post 7.76 earnings per share for the current fiscal year.
Belden Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 12th were given a $0.05 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.17%. Belden's dividend payout ratio is presently 4.16%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on BDC shares. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a research report on Monday. Truist Financial increased their target price on Belden from $124.00 to $136.00 and gave the company a "buy" rating in a report on Friday, November 1st. Benchmark reissued a "buy" rating and issued a $130.00 price target on shares of Belden in a report on Monday. Finally, Loop Capital decreased their price objective on Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $130.25.
Read Our Latest Research Report on Belden
Hedge Funds Weigh In On Belden
Several institutional investors and hedge funds have recently bought and sold shares of BDC. Aster Capital Management DIFC Ltd purchased a new stake in shares of Belden during the 4th quarter valued at $26,000. GAMMA Investing LLC boosted 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 acquiring an additional 117 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Belden during the third quarter valued at about $33,000. First Horizon Advisors Inc. increased its stake in Belden by 97.7% during the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company's stock worth $50,000 after acquiring an additional 209 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock worth $94,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.
About Belden
(
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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.
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