Gregory James Mccray Sells 4,200 Shares of Belden Inc. (NYSE:BDC) Stock

Belden Inc. (NYSE:BDC) Director Gregory James Mccray sold 4,200 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the sale, the director now owns 4,199 shares in the company, valued at $441,776.79. The trade was a 50.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Belden Stock Performance

BDC opened at $104.46 on Friday. The firm has a market cap of $4.21 billion, a P/E ratio of 21.72 and a beta of 1.02. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The business’s fifty day moving average is $114.02 and its 200-day moving average is $114.91.

Belden (NYSE:BDC) last released 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%. Sell-side analysts expect that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s dividend payout ratio (DPR) is currently 4.16%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Loop Capital dropped their price objective on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Belden in a report on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $130.25.

Institutional Trading of Belden

Several institutional investors and hedge funds have recently modified their holdings of the business. Brucke Financial Inc. bought a new stake in shares of Belden during the 4th quarter worth $398,000. Leigh Baldwin & CO. LLC bought a new stake in shares of Belden during the 4th quarter worth $223,000. Public Employees Retirement System of Ohio bought a new position in Belden in the fourth quarter valued at about $61,000. Vise Technologies Inc. raised its position in Belden by 10.8% in the fourth quarter. Vise Technologies Inc. now owns 5,433 shares of the industrial products company’s stock valued at $612,000 after purchasing an additional 528 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Belden by 20.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,730 shares of the industrial products company’s stock valued at $13,708,000 after purchasing an additional 20,550 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

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.