Today, the COB, Pres & CEO of Belden Inc (NYSE: BDC), John Stroup, bought shares of BDC for $494.2K.
Following John Stroup’s last BDC Buy transaction on February 15, 2012, the stock climbed by 14.3%. Following this transaction John Stroup’s holding in the company was increased by 8.23% to a total of $6.36 million.
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Based on Belden Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $656 million and quarterly net profit of $85.88 million. In comparison, last year the company earned revenue of $622 million and had a net profit of $1.03 million. BDC’s market cap is $2.13B and the company has a P/E ratio of 19.74. Currently, Belden Inc has an average volume of 1.29M.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $66.00, reflecting a 26.2% upside.
The insider sentiment on Belden Inc has been negative according to 24 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Belden, Inc. engages in the provision of innovative signal transmission solutions. Its comprehensive portfolio of signal transmission solutions provides industry secure and reliable transmission of data, sound and video for mission critical applications.
