TheStreet downgraded shares of Belden (NYSE:BDC) from a b- rating to a c+ rating in a report published on Thursday.

Other analysts also recently issued reports about the company. Canaccord Genuity set a $88.00 price target on Belden and gave the stock a buy rating in a research report on Wednesday, July 25th. Guggenheim restated a buy rating and issued a $90.00 price target on shares of Belden in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Belden from a hold rating to a buy rating and set a $79.00 price target for the company in a research report on Friday, August 3rd. Cross Research downgraded Belden from a buy rating to a hold rating in a research report on Thursday, November 1st. Finally, SunTrust Banks downgraded Belden from a buy rating to a hold rating and set a $56.00 price target for the company. in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Belden presently has a consensus rating of Hold and a consensus target price of $73.40.

BDC traded down $1.35 during trading on Thursday, reaching $54.47. The company had a trading volume of 660,699 shares, compared to its average volume of 624,387. The company has a market cap of $2.28 billion, a PE ratio of 10.18 and a beta of 2.41. Belden has a 52 week low of $50.71 and a 52 week high of $87.14. The company has a quick ratio of 1.38, a current ratio of 1.90 and a debt-to-equity ratio of 1.08.

Belden (NYSE:BDC) last issued its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.01. The company had revenue of $659.00 million during the quarter, compared to the consensus estimate of $679.15 million. Belden had a return on equity of 21.28% and a net margin of 5.83%. Belden’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. As a group, research analysts anticipate that Belden will post 6.09 earnings per share for the current fiscal year.

In other Belden news, SVP Henk Derksen bought 1,431 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of $53.65 per share, for a total transaction of $76,773.15. Following the completion of the transaction, the senior vice president now owns 38,857 shares in the company, valued at $2,084,678.05. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman John S. Stroup bought 9,250 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were acquired at an average price of $53.44 per share, with a total value of $494,320.00. Following the completion of the transaction, the chairman now owns 21,713 shares of the company’s stock, valued at approximately $1,160,342.72. The disclosure for this purchase can be found here. 1.34% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new stake in shares of Belden during the third quarter worth $159,000. US Bancorp DE lifted its position in shares of Belden by 83.0% during the second quarter. US Bancorp DE now owns 2,628 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 1,192 shares during the last quarter. Howe & Rusling Inc. lifted its position in shares of Belden by 14,270.0% during the second quarter. Howe & Rusling Inc. now owns 2,874 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 2,854 shares during the last quarter. Balter Liquid Alternatives LLC bought a new stake in shares of Belden during the second quarter worth $210,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Belden during the second quarter worth $225,000.

Belden Company Profile

Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.

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Analyst Recommendations for Belden (NYSE:BDC)

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