Belden Director Glenn Kalnasy Sells 1,000 Shares (BDC)
Belden (NYSE:BDC) Director Glenn Kalnasy unloaded 1,000 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $64.46, for a total value of $64,460.00. Following the transaction, the director now directly owns 31,108 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Canaccord Genuity raised their price target on shares of Belden (NYSE:BDC) from $65.00 to $70.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock.
Belden (NYSE:BDC) traded up 0.50% during mid-day trading on Monday, hitting $63.79. 281,225 shares of the company’s stock traded hands. Belden has a 52-week low of $33.76 and a 52-week high of $64.91. The stock’s 50-day moving average is $58.78 and its 200-day moving average is $53.52. The company has a market cap of $2.781 billion and a P/E ratio of 15.98.
Belden (NYSE:BDC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.05. The company had revenue of $532.60 million for the quarter, compared to the consensus estimate of $536.88 million. During the same quarter last year, the company posted $0.92 earnings per share. Belden’s revenue was up 15.6% compared to the same quarter last year. On average, analysts predict that Belden will post $3.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 2nd. Investors of record on Monday, September 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Thursday, September 12th.
Belden Inc (NYSE:BDC) designs, manufactures and markets cable, connectivity, and networking products in markets including industrial, enterprise, and broadcast.
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