Belden Inc (NYSE:BDC) has received an average recommendation of “Buy” from the eight analysts that are covering the company. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $80.60.

BDC has been the topic of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $83.00 target price on shares of Belden in a report on Tuesday, December 6th. Stifel Nicolaus reduced their target price on Belden from $86.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, December 6th. Deutsche Bank AG initiated coverage on Belden in a report on Thursday, December 15th. They issued a “buy” rating and a $85.00 target price on the stock. Drexel Hamilton initiated coverage on Belden in a report on Friday, February 10th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research raised Belden from a “sell” rating to a “hold” rating in a report on Wednesday, January 4th.

In related news, insider Dhrupad Trivedi sold 523 shares of the firm’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $80.00, for a total transaction of $41,840.00. Following the sale, the insider now owns 4,766 shares of the company’s stock, valued at approximately $381,280. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John S. Stroup sold 22,125 shares of the firm’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $77.19, for a total value of $1,707,828.75. Following the sale, the chairman now directly owns 44,969 shares in the company, valued at approximately $3,471,157.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,531 shares of company stock worth $6,110,354. 1.37% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in BDC. PNC Financial Services Group Inc. increased its stake in Belden by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the company’s stock valued at $219,000 after buying an additional 25 shares during the period. HM Capital Management LLC increased its stake in Belden by 1.0% in the third quarter. HM Capital Management LLC now owns 3,555 shares of the company’s stock valued at $245,000 after buying an additional 34 shares during the period. State Treasurer State of Michigan increased its stake in Belden by 0.6% in the third quarter. State Treasurer State of Michigan now owns 17,000 shares of the company’s stock valued at $1,173,000 after buying an additional 100 shares during the period. Advisors Asset Management Inc. increased its stake in Belden by 7.1% in the third quarter. Advisors Asset Management Inc. now owns 2,489 shares of the company’s stock valued at $172,000 after buying an additional 165 shares during the period. Finally, LS Investment Advisors LLC increased its stake in Belden by 6.9% in the third quarter. LS Investment Advisors LLC now owns 2,696 shares of the company’s stock valued at $186,000 after buying an additional 174 shares during the period.

Belden (NYSE:BDC) traded down 0.61% on Friday, reaching $72.88. The company’s stock had a trading volume of 69,821 shares. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 27.50 and a beta of 2.24. Belden has a 52-week low of $50.84 and a 52-week high of $81.33. The firm’s 50-day moving average price is $76.30 and its 200-day moving average price is $72.03.

Belden (NYSE:BDC) last issued its earnings results on Thursday, February 2nd. The company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. The firm had revenue of $612.40 million for the quarter, compared to the consensus estimate of $616.10 million. Belden had a return on equity of 20.29% and a net margin of 5.43%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. On average, equities analysts expect that Belden will post $5.07 earnings per share for the current year.

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Belden Company Profile

Belden Inc (Belden) is a signal transmission solutions provider. The Company’s portfolio of signal transmission solutions provides transmission of data, sound and video for mission critical applications. The Company’s segments include Broadcast Solutions, Enterprise Connectivity Solutions, Industrial Connectivity Solutions, Industrial IT Solutions and Network Security Solutions.

5 Day Chart for NYSE:BDC

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