Belden Inc. (NYSE:BDC) SVP Ross Rosenberg sold 779 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $75.00, for a total value of $58,425.00. Following the completion of the sale, the senior vice president now directly owns 5,329 shares in the company, valued at approximately $399,675. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Belden Inc. (NYSE BDC) opened at $72.73 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 1.58. The stock has a market capitalization of $3,122.15, a PE ratio of 14.00 and a beta of 2.29. Belden Inc. has a 12-month low of $64.60 and a 12-month high of $87.14.
Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.15). Belden had a net margin of 3.90% and a return on equity of 18.20%. The business had revenue of $604.88 million during the quarter, compared to analysts’ expectations of $648.92 million. During the same quarter in the previous year, the company posted $1.42 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. equities research analysts expect that Belden Inc. will post 6.09 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. Guggenheim reaffirmed a “buy” rating and issued a $90.00 price target on shares of Belden in a research report on Wednesday, December 6th. Stifel Nicolaus increased their price target on Belden from $90.00 to $97.00 and gave the company an “in-line” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered Belden from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $94.00 price target on shares of Belden in a research report on Friday, December 1st. Finally, Cross Research lowered Belden from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.43.
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Belden Company Profile
Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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