Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
In a recent transaction reported to the U.S. Securities and Exchange Commission, Gregory McCray, a director at Belden Inc . (NYSE:BDC), sold 4,200 shares of the company’s common stock. The industrial technology company, currently valued at $4.2 billion, trades at a P/E ratio of 21.27. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The shares were sold at an average price of $105.2077 per share, with the sale generating a total of approximately $441,872. Following this transaction, McCray retains ownership of 4,199 shares in the company. The prices for these transactions ranged from $105.00 to $105.45 per share. InvestingPro data reveals the stock has maintained dividend payments for 22 consecutive years, with analysts setting price targets between $130-$145. Get access to 6 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Belden Inc. reported a strong financial performance for the fourth quarter of 2024, exceeding analysts’ expectations with earnings per share (EPS) of $1.92, against a forecast of $1.68. The company also reported revenue of $666 million, surpassing the anticipated $653.87 million, marking a 21% increase year-over-year. Despite these positive results, the company’s stock experienced a decline, reflecting investor concerns about future guidance and broader market conditions. Belden has projected first-quarter 2025 revenue between $595 million and $620 million, representing a 13-16% increase compared to the previous year, with an adjusted EPS forecast between $1.43 and $1.53.
Benchmark analysts have maintained a Buy rating for Belden with a $130 price target, citing steady demand and positive order trends. They noted that while the company has a cautious outlook for the first quarter, the management remains optimistic about achieving an $8 EPS target for 2025, contingent on improved business conditions. Analysts also highlighted Belden’s robust demand drivers and strategic alignment with secular trends, which are expected to benefit from a stronger domestic manufacturing sector.
Belden’s management emphasized the company’s strategic initiatives and solutions transformation, which have contributed to incremental growth and margin expansion. The firm achieved a 23% increase in organic growth in The Americas, driven by improved business conditions and strategic initiatives in networking and data solutions. Additionally, Belden’s Solutions approach is expected to benefit from favorable economic policies, enhancing the company’s operating leverage and fundamental improvements.
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