Today, Belden Inc. (BDC) Insider Sold $1,528,604.70 in Stock

Today, Belden Inc. (BDC) Insider Sold $1,528,604.70 in Stock
Belden Inc. (NYSE:BDC) insider John S. Stroup sold 21,210 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $72.07, for a total value of $1,528,604.70. Following the completion of the sale, the insider now directly owns 69,969 shares of the company’s stock, valued at approximately $5,042,665.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Belden Inc. (NYSE:BDC) opened at 74.38 on Friday. Belden Inc. has a 52-week low of $36.51 and a 52-week high of $75.91. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 23.09 and a beta of 2.26. The firm’s 50-day moving average price is $67.68 and its 200-day moving average price is $67.05.

Belden (NYSE:BDC) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.03. The business had revenue of $601.10 million for the quarter, compared to analysts’ expectations of $606.66 million. Belden had a return on equity of 23.44% and a net margin of 6.14%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. On average, equities analysts anticipate that Belden Inc. will post $5.24 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. SunTrust Banks Inc. lowered Belden from a “buy” rating to a “neutral” rating and lowered their target price for the company from $84.00 to $79.00 in a research note on Wednesday, September 7th. Zacks Investment Research lowered Belden from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $77.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Belden by 11.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,584 shares of the company’s stock worth $109,000 after buying an additional 163 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Belden by 176.6% in the second quarter. Panagora Asset Management Inc. now owns 2,365 shares of the company’s stock worth $143,000 after buying an additional 1,510 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Belden by 14.1% in the second quarter. Public Employees Retirement System of Ohio now owns 2,411 shares of the company’s stock worth $146,000 after buying an additional 298 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Belden by 72.2% in the second quarter. LS Investment Advisors LLC now owns 2,522 shares of the company’s stock worth $152,000 after buying an additional 1,057 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Belden by 7.1% in the third quarter. Advisors Asset Management Inc. now owns 2,489 shares of the company’s stock worth $172,000 after buying an additional 165 shares during the last quarter.

Belden Company Profile

Related posts

Leave a Comment