Barnes Group Inc. (NYSE:B) VP Marian Acker sold 7,860 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $63.12, for a total transaction of $496,123.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Barnes Group Inc. (B) traded down $0.45 on Friday, reaching $63.69. The company had a trading volume of 206,699 shares, compared to its average volume of 214,382. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 1.67. The firm has a market capitalization of $3,390.00, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.06 and a beta of 1.32. Barnes Group Inc. has a 52-week low of $48.21 and a 52-week high of $72.87.
Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $373.00 million during the quarter, compared to the consensus estimate of $357.77 million. Barnes Group had a return on equity of 12.36% and a net margin of 4.15%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. equities research analysts predict that Barnes Group Inc. will post 3.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, February 22nd. Barnes Group’s dividend payout ratio (DPR) is 19.51%.
B has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Wednesday, January 10th. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird restated a “hold” rating and set a $65.00 target price on shares of Barnes Group in a research note on Sunday, October 29th. Finally, SunTrust Banks restated a “hold” rating and set a $67.00 target price on shares of Barnes Group in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Barnes Group has an average rating of “Buy” and an average price target of $68.17.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC acquired a new position in Barnes Group in the third quarter valued at approximately $6,274,000. Public Employees Retirement System of Ohio boosted its holdings in Barnes Group by 65.9% in the third quarter. Public Employees Retirement System of Ohio now owns 51,147 shares of the industrial products company’s stock valued at $3,603,000 after purchasing an additional 20,313 shares in the last quarter. Stifel Financial Corp boosted its holdings in Barnes Group by 7.9% in the third quarter. Stifel Financial Corp now owns 277,675 shares of the industrial products company’s stock valued at $19,558,000 after purchasing an additional 20,403 shares in the last quarter. BB&T Securities LLC acquired a new position in Barnes Group in the third quarter valued at approximately $306,000. Finally, Wells Fargo & Company MN boosted its holdings in Barnes Group by 8.8% in the third quarter. Wells Fargo & Company MN now owns 157,425 shares of the industrial products company’s stock valued at $11,089,000 after purchasing an additional 12,705 shares in the last quarter. 85.99% of the stock is owned by hedge funds and other institutional investors.
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About Barnes Group
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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