Belden Inc. (NYSE:BDC) Director Gregory James Mccray Sells 4,200 Shares of 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 stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the completion of the sale, the director now owns 4,199 shares in the company, valued at approximately $441,776.79. The trade was a 50.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Belden Price Performance

Belden stock opened at $104.46 on Friday. The firm has a market capitalization of $4.21 billion, a P/E ratio of 21.72 and a beta of 1.02. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82. The business has a 50-day moving average of $114.02 and a 200-day moving average of $114.91. 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 (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 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 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. Investors of record on Thursday, March 13th will be given a $0.05 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. Belden’s dividend payout ratio is presently 4.16%.

Analysts Set New Price Targets

Several research analysts recently commented on BDC shares. Loop Capital reduced their target price on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of Belden in a report on Monday, February 10th. Finally, StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $130.25.

Hedge Funds Weigh In On Belden

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

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.