Belden Inc. (NYSE:BDC) gapped up before the market opened on Thursday . The stock had previously closed at $58.91, but opened at $59.11. Belden shares last traded at $60.04, with a volume of 78,319 shares traded.

BDC has been the topic of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and set a $70.00 price objective on shares of Belden in a report on Tuesday, June 28th. Zacks Investment Research upgraded shares of Belden from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Friday, May 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price target on shares of Belden in a research note on Monday, April 4th. Finally, TheStreet upgraded shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday, March 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $70.00.

The firm has a market cap of $2.68 billion and a PE ratio of 26.68. The stock’s 50 day moving average is $62.37 and its 200 day moving average is $55.81.

Belden (NYSE:BDC) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. The firm earned $541.50 million during the quarter, compared to the consensus estimate of $541.55 million. During the same period in the prior year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts anticipate that Belden Inc. will post $5.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Thursday, June 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Tuesday, June 14th.

Other large investors have recently bought and sold shares of the company. Rail Splitter Capital Management LLC raised its stake in Belden by 9.9% in the fourth quarter. Rail Splitter Capital Management LLC now owns 126,771 shares of the company’s stock worth $6,044,000 after buying an additional 11,383 shares in the last quarter. I.G. Investment Management LTD. raised its stake in Belden by 7.6% in the fourth quarter. I.G. Investment Management LTD. now owns 24,588 shares of the company’s stock worth $1,172,000 after buying an additional 1,727 shares in the last quarter. Trexquant Investment LP raised its stake in Belden by 62.0% in the fourth quarter. Trexquant Investment LP now owns 45,871 shares of the company’s stock worth $2,187,000 after buying an additional 17,556 shares in the last quarter. Lapides Asset Management LLC raised its stake in Belden by 71.8% in the fourth quarter. Lapides Asset Management LLC now owns 409,200 shares of the company’s stock worth $19,511,000 after buying an additional 171,000 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Belden by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 134,309 shares of the company’s stock worth $6,404,000 after buying an additional 4,160 shares in the last quarter.

Belden Inc is a signal transmission solutions provider. The Company’s portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound, and video for mission critical applications. The Company operates in four segments: Broadcast Solutions, which provides production, distribution, and connectivity systems for television broadcast, cable, satellite and IPTV industries; Enterprise Connectivity Solutions, which provides network infrastructure solutions for enterprise customers; Industrial Connectivity Solutions, which provides infrastructure components and connectivity systems for a range of industrial automation applications and Industrial IT Solutions, which provides mission-critical networking systems.

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