Insider Selling: Belden Inc (NYSE:BDC) SVP Sells 7,158 Shares of Stock

Belden Inc (NYSE:BDC - Get Free Report) SVP Brian Edward Anderson sold 7,158 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $130.51, for a total value of $934,190.58. Following the completion of the transaction, the senior vice president owned 39,574 shares in the company, valued at approximately $5,164,802.74. The trade was a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Belden Price Performance

Belden stock traded down $0.04 during midday trading on Tuesday, hitting $127.59. 128,659 shares of the company's stock were exchanged, compared to its average volume of 274,400. Belden Inc has a 52-week low of $83.18 and a 52-week high of $131.82. The stock has a 50-day moving average price of $113.98 and a two-hundred day moving average price of $109.23. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio of 1.93. The company has a market cap of $5.04 billion, a P/E ratio of 24.63 and a beta of 1.24.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.12. Belden had a return on equity of 22.28% and a net margin of 8.35%. The business had revenue of $624.86 million for the quarter, compared to the consensus estimate of $615.81 million. During the same quarter last year, the business posted $1.24 earnings per share. The company's revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts forecast that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Thursday, June 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Thursday, June 12th. Belden's dividend payout ratio is presently 3.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BDC. Wall Street Zen cut Belden from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Benchmark upped their price target on shares of Belden from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Belden in a research report on Friday, July 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $128.20.

Institutional Trading of Belden

A number of institutional investors and hedge funds have recently bought and sold shares of BDC. Twelve Points Wealth Management LLC increased its stake in Belden by 2.0% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 24,161 shares of the industrial products company's stock worth $2,798,000 after buying an additional 482 shares in the last quarter. Maseco LLP purchased a new position in Belden in the 2nd quarter worth about $25,000. Counterpoint Mutual Funds LLC purchased a new stake in Belden in the second quarter worth about $312,000. GAMMA Investing LLC raised its stake in Belden by 30.9% in the second quarter. GAMMA Investing LLC now owns 584 shares of the industrial products company's stock valued at $68,000 after buying an additional 138 shares during the last quarter. Finally, Matrix Trust Co increased its holdings in shares of Belden by 10.1% in the second quarter. Matrix Trust Co now owns 2,545 shares of the industrial products company's stock valued at $295,000 after purchasing an additional 233 shares during the period. 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.