Belden Inc. (NYSE:BDC) EVP Brian Lieser Sells 819 Shares

Belden Inc. (NYSE:BDC) EVP Brian Lieser sold 819 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $91.26, for a total transaction of $74,741.94. Following the completion of the sale, the executive vice president now directly owns 21,031 shares in the company, valued at $1,919,289.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Belden Price Performance

Belden stock traded up $2.08 during midday trading on Wednesday, reaching $92.41. The company had a trading volume of 191,138 shares, compared to its average volume of 267,570. The company has a market capitalization of $3.76 billion, a P/E ratio of 17.90 and a beta of 1.05. Belden Inc. has a 12-month low of $60.54 and a 12-month high of $99.13. The firm’s fifty day simple moving average is $93.54 and its 200-day simple moving average is $86.25. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.55 and a quick ratio of 1.83.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.19. The company had revenue of $536.00 million during the quarter, compared to the consensus estimate of $514.27 million. Belden had a net margin of 9.01% and a return on equity of 23.11%. Belden’s quarterly revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. As a group, equities analysts anticipate that Belden Inc. will post 5.85 EPS for the current year.

Belden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Belden’s payout ratio is 3.91%.

Analyst Upgrades and Downgrades

BDC has been the topic of several recent analyst reports. StockNews.com raised shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Benchmark reissued a “buy” rating and set a $100.00 target price on shares of Belden in a research note on Monday, May 6th. Loop Capital increased their target price on shares of Belden from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Truist Financial increased their target price on shares of Belden from $119.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday, July 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Belden presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.80.

Institutional Trading of Belden

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of Belden during the 1st quarter worth approximately $32,000. Whittier Trust Co. increased its holdings in shares of Belden by 662.2% during the 1st quarter. Whittier Trust Co. now owns 343 shares of the industrial products company’s stock worth $32,000 after buying an additional 298 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Belden by 41.7% during the 4th quarter. Quadrant Capital Group LLC now owns 829 shares of the industrial products company’s stock worth $64,000 after buying an additional 244 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Belden during the 4th quarter worth approximately $72,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Belden by 33,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,008 shares of the industrial products company’s stock worth $78,000 after buying an additional 1,005 shares during the last quarter. Institutional investors and hedge funds 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.