Belden (NYSE:BDC) was downgraded by analysts at Cross Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Belden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet lowered shares of Belden from a “b” rating to a “c+” rating in a report on Wednesday, November 1st. Guggenheim reissued a “buy” rating and set a $90.00 price objective on shares of Belden in a report on Monday, September 25th. Canaccord Genuity restated a “buy” rating and set a $88.00 price target (up previously from $83.00) on shares of Belden in a research report on Wednesday, September 13th. Finally, ValuEngine upgraded shares of Belden from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Belden currently has a consensus rating of “Buy” and an average target price of $86.63.

Shares of Belden (NYSE BDC) traded up $0.01 during mid-day trading on Friday, reaching $84.69. The company’s stock had a trading volume of 207,000 shares, compared to its average volume of 290,343. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.79 and a current ratio of 2.26. The company has a market capitalization of $3,639.19, a price-to-earnings ratio of 16.85 and a beta of 2.26. Belden has a 52-week low of $64.60 and a 52-week high of $86.85.

Belden (NYSE:BDC) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.08. Belden had a net margin of 4.03% and a return on equity of 17.52%. The business had revenue of $621.74 million during the quarter, compared to the consensus estimate of $626.05 million. During the same quarter last year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. equities analysts expect that Belden will post 5.52 earnings per share for the current fiscal year.

In other news, SVP Paul Keith Turner sold 3,709 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $78.91, for a total transaction of $292,677.19. Following the completion of the transaction, the senior vice president now directly owns 4,967 shares in the company, valued at $391,945.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John S. Stroup sold 17,227 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $84.75, for a total value of $1,459,988.25. The disclosure for this sale can be found here. In the last three months, insiders sold 21,230 shares of company stock valued at $1,775,189. Company insiders own 1.31% of the company’s stock.

A number of institutional investors have recently modified their holdings of BDC. Greenwood Capital Associates LLC grew its stake in Belden by 0.5% during the second quarter. Greenwood Capital Associates LLC now owns 2,989 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 14 shares during the period. Teacher Retirement System of Texas grew its position in Belden by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 3,372 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 15 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Belden by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,263 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 19 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Belden by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 25 shares during the last quarter. Finally, HM Capital Management LLC lifted its stake in Belden by 1.0% in the third quarter. HM Capital Management LLC now owns 3,555 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 34 shares during the last quarter.

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Belden Company Profile

Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).

Analyst Recommendations for Belden (NYSE:BDC)

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