Insider Selling: Belden EVP Sells 2,317 Shares of Stock (BDC)
Belden (NYSE:BDC) EVP Christoph Gusenleitner sold 2,317 shares of the stock on the open market in a transaction dated Monday, September 16th. The shares were sold at an average price of $64.20, for a total value of $148,751.40. Following the sale, the executive vice president now directly owns 8,900 shares in the company. The transaction was disclosed in a document filed with the SEC, 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% on Monday, hitting $63.79. The stock had a trading volume of 281,225 shares. Belden has a 1-year low of $33.76 and a 1-year high of $64.91. The stock has a 50-day moving average of $58.78 and a 200-day moving average of $53.52. The company has a market cap of $2.781 billion and a P/E ratio of 15.98.
Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts expect that Belden will post $3.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 2nd. Stockholders 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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