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

Belden Inc. (NYSE:BDC) Director Gregory James Mccray sold 4,200 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total transaction of $441,882.00. Following the completion of the transaction, the director now directly owns 4,199 shares of the company’s stock, valued at approximately $441,776.79. This trade represents a 50.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Belden Stock Performance

NYSE BDC opened at $104.46 on Monday. The firm has a 50-day moving average of $113.84 and a 200-day moving average of $115.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The stock has a market cap of $4.21 billion, a PE ratio of 21.72 and a beta of 1.02. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. On average, sell-side analysts anticipate that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, March 13th. Belden’s dividend payout ratio (DPR) is 4.16%.

Institutional Trading of Belden

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in Belden in the 4th quarter worth about $26,000. Prospera Private Wealth LLC bought a new stake in Belden during the 3rd quarter worth approximately $33,000. Quarry LP grew its holdings in Belden by 208.7% during the 4th quarter. Quarry LP now owns 392 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 265 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Belden by 97.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 209 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Belden in the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Loop Capital decreased their target price on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. StockNews.com upgraded shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Belden in a research note on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $130.25.

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.