Belden Inc. (BDC) Director Sells $612,000.00 in Stock
Belden Inc. (NYSE:BDC) Director Judy L. Brown sold 9,000 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $68.00, for a total value of $612,000.00. Following the completion of the sale, the director now owns 22,268 shares of the company’s stock, valued at approximately $1,514,224. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Belden Inc. (NYSE:BDC) opened at 71.22 on Tuesday. Belden Inc. has a 12 month low of $36.51 and a 12 month high of $75.91. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 22.11 and a beta of 2.26. The stock’s 50 day moving average price is $66.54 and its 200-day moving average price is $66.48.
Belden (NYSE:BDC) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.03. Belden had a net margin of 6.14% and a return on equity of 23.44%. The business earned $601.10 million during the quarter, compared to the consensus estimate of $606.66 million. During the same period in the previous year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts expect that Belden Inc. will post $5.24 EPS for the current year.
A number of equities research analysts have issued reports on BDC shares. SunTrust Banks Inc. lowered Belden from a “buy” rating to a “neutral” rating and cut their price target for the stock 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 equities research analyst has rated the stock with a sell rating, one has issued 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.
Several large investors have recently bought and sold shares of BDC. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 in the last quarter. Panagora Asset Management Inc. increased its position in 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 in the last quarter. Public Employees Retirement System of Ohio increased its position in 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 in the last quarter. LS Investment Advisors LLC increased its position in 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 in the last quarter. Finally, Advisors Asset Management Inc. increased its position in 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 in the last quarter.
Belden Company Profile
Belden Inc (Belden) is a signal transmission solutions provider. The Company’s portfolio of signal transmission solutions provides transmission of data, sound and video for mission critical applications. The Company’s segments include Broadcast Solutions, Enterprise Connectivity Solutions, Industrial Connectivity Solutions, Industrial IT Solutions and Network Security Solutions.
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