Belden Inc. (NYSE:BDC) hit a new 52-week high on Friday . The stock traded as high as $75.91 and last traded at $74.71, with a volume of 113,179 shares traded. The stock had previously closed at $73.65.

BDC has been the topic of several research reports. Canaccord Genuity restated a “buy” rating and issued a $70.00 price target on shares of Belden in a research report on Tuesday, June 28th. Zacks Investment Research cut shares of Belden from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $74.50.

The firm’s 50-day moving average price is $72.73 and its 200-day moving average price is $63.81. The stock has a market cap of $3.16 billion and a price-to-earnings ratio of 26.10.

Belden (NYSE:BDC) last announced its earnings results on Tuesday, July 19th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.28. The business had revenue of $601.60 million for the quarter, compared to analysts’ expectations of $582.25 million. During the same quarter last year, the business earned $1.21 EPS. On average, equities analysts expect that Belden Inc. will post $5.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%.

In other news, SVP Ross Rosenberg sold 713 shares of the stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $69.00, for a total transaction of $49,197.00. Following the transaction, the senior vice president now owns 9,877 shares in the company, valued at approximately $681,513. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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.

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