Barnes Group, Inc. (NYSE:B) SVP Christopher J. Stephens sold 15,700 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of C$63.53, for a total transaction of C$997,421.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Barnes Group, Inc. (NYSE:B) opened at C$62.53 on Friday. Barnes Group, Inc. has a 12 month low of C$42.41 and a 12 month high of C$72.87. The firm has a market cap of $3,352.30, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.20 and a quick ratio of 1.45.
Barnes Group (NYSE:B) last announced its earnings results on Friday, October 27th. The company reported C$0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.69 by C($0.03). Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The company had revenue of C$357.16 million during the quarter, compared to the consensus estimate of C$351.01 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. sell-side analysts anticipate that Barnes Group, Inc. will post 2.85 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, November 21st. Barnes Group’s dividend payout ratio is presently 19.72%.
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A number of research firms have commented on B. BidaskClub upgraded shares of Barnes Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. ValuEngine lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. boosted their price target on shares of Barnes Group from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Robert W. Baird restated a “hold” rating and issued a $65.00 price target on shares of Barnes Group in a research report on Sunday, October 29th. Finally, Zacks Investment Research lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Barnes Group presently has a consensus rating of “Buy” and a consensus target price of C$65.60.
Several hedge funds and other institutional investors have recently made changes to their positions in B. Pacad Investment Ltd. raised its stake in shares of Barnes Group by 5.9% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the company’s stock worth $105,000 after acquiring an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Barnes Group during the second quarter worth approximately $109,000. YorkBridge Wealth Partners LLC raised its stake in shares of Barnes Group by 4,461.8% during the third quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the company’s stock worth $109,000 after buying an additional 1,517 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Barnes Group by 4.6% during the second quarter. LS Investment Advisors LLC now owns 1,942 shares of the company’s stock worth $114,000 after buying an additional 85 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Barnes Group by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the company’s stock worth $122,000 after buying an additional 188 shares during the last quarter. 86.98% of the stock is owned by institutional investors.
Barnes Group Company Profile
Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.
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