Brian Lieser Sells 819 Shares of Belden Inc. (NYSE:BDC) Stock

Belden Inc. (NYSE:BDC) EVP Brian Lieser sold 819 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $91.26, for a total transaction of $74,741.94. Following the completion of the transaction, the executive vice president now directly owns 21,031 shares of the company’s stock, valued at $1,919,289.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Belden Stock Up 2.4 %

NYSE:BDC opened at $94.56 on Friday. Belden Inc. has a twelve month low of $60.54 and a twelve month high of $99.13. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 18.50 and a beta of 1.05. The stock has a fifty day simple moving average of $93.87 and a 200-day simple moving average of $86.35. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 1.02.

Belden (NYSE:BDC) last released its earnings results on Thursday, May 2nd. The industrial products company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.19. The business had revenue of $536.00 million during the quarter, compared to the consensus estimate of $514.27 million. Belden had a return on equity of 23.11% and a net margin of 9.01%. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. Analysts anticipate that Belden Inc. will post 5.85 EPS for the current year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. Belden’s dividend payout ratio is currently 3.91%.

Hedge Funds Weigh In On Belden

Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. increased its stake in shares of Belden by 662.2% during the first quarter. Whittier Trust Co. now owns 343 shares of the industrial products company’s stock valued at $32,000 after buying an additional 298 shares during the period. Rise Advisors LLC purchased a new position in Belden in the first quarter valued at about $32,000. Quadrant Capital Group LLC grew its stake in Belden by 41.7% in the fourth quarter. Quadrant Capital Group LLC now owns 829 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 244 shares during the last quarter. Principal Securities Inc. purchased a new position in Belden in the fourth quarter valued at about $72,000. Finally, TFO Wealth Partners LLC grew its stake in Belden by 33,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,008 shares of the industrial products company’s stock valued at $78,000 after purchasing an additional 1,005 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BDC shares. Loop Capital raised their price target on Belden from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Benchmark restated a “buy” rating and issued a $100.00 price target on shares of Belden in a research report on Monday, May 6th. Truist Financial raised their price target on Belden from $119.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Finally, StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.80.

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.