ADTRAN, Inc. (NASDAQ:ADTN) SVP James Denson Wilson, Jr. sold 1,468 shares of ADTRAN stock in a transaction on Sunday, November 11th. The shares were sold at an average price of $14.12, for a total value of $20,728.16. Following the completion of the transaction, the senior vice president now owns 15,347 shares in the company, valued at approximately $216,699.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of ADTN traded down $0.14 during midday trading on Friday, reaching $13.64. 257,700 shares of the company were exchanged, compared to its average volume of 435,171. The stock has a market cap of $652.81 million, a PE ratio of 15.33 and a beta of 0.92. ADTRAN, Inc. has a 1-year low of $13.05 and a 1-year high of $23.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.82 and a quick ratio of 1.96.

ADTRAN (NASDAQ:ADTN) last issued its quarterly earnings data on Tuesday, October 16th. The communications equipment provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.17. The company had revenue of $140.34 million for the quarter, compared to analysts’ expectations of $146.00 million. ADTRAN had a negative return on equity of 2.20% and a negative net margin of 3.94%. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, research analysts anticipate that ADTRAN, Inc. will post -0.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, October 30th. ADTRAN’s dividend payout ratio is presently 40.45%.

A number of brokerages recently weighed in on ADTN. BidaskClub cut ADTRAN from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. MKM Partners lifted their target price on ADTRAN from $21.00 to $22.00 in a report on Thursday, September 13th. Zacks Investment Research upgraded ADTRAN from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, October 9th. Needham & Company LLC reduced their target price on ADTRAN from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, October 18th. They noted that the move was a valuation call. Finally, ValuEngine upgraded ADTRAN from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.89.

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of ADTRAN during the second quarter worth about $151,000. Verition Fund Management LLC acquired a new position in shares of ADTRAN during the third quarter worth about $195,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of ADTRAN during the third quarter worth about $196,000. Xact Kapitalforvaltning AB acquired a new position in shares of ADTRAN during the second quarter worth about $168,000. Finally, SG Americas Securities LLC acquired a new position in shares of ADTRAN during the third quarter worth about $224,000. Institutional investors own 94.23% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/adtran-inc-adtn-svp-sells-20728-16-in-stock/2616325.html.

ADTRAN Company Profile

ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

Featured Article: How does inflation affect different investments?

Receive News & Ratings for ADTRAN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADTRAN and related companies with MarketBeat.com's FREE daily email newsletter.