Barnes Group Inc. (B) SVP Christopher J. Stephens Sells 23,039 Shares
Barnes Group Inc. (NYSE:B) SVP Christopher J. Stephens sold 23,039 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $38.76, for a total value of $892,991.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Barnes Group Inc. (NYSE:B) opened at 39.05 on Tuesday. Barnes Group Inc. has a 52 week low of $30.07 and a 52 week high of $41.86. The stock’s 50 day moving average price is $40.36 and its 200 day moving average price is $35.98. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 17.84 and a beta of 1.54.
Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Barnes Group had a return on equity of 11.69% and a net margin of 10.18%. The firm earned $307 million during the quarter, compared to analysts’ expectations of $308.71 million. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts forecast that Barnes Group Inc. will post $2.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 25th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Tuesday, August 23rd. Barnes Group’s payout ratio is 23.74%.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Barnes Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Jefferies Group lifted their target price on Barnes Group from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Barnes Group presently has an average rating of “Buy” and a consensus target price of $39.83.
Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Barnes Group during the fourth quarter valued at approximately $13,831,000. Independent Portfolio Consultants Inc. boosted its stake in shares of Barnes Group by 5.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 10,220 shares of the company’s stock valued at $358,000 after buying an additional 485 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Barnes Group by 2,900.0% in the first quarter. Glenmede Trust Co. NA now owns 10,410 shares of the company’s stock valued at $363,000 after buying an additional 10,063 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of Barnes Group by 6,790.5% in the first quarter. Mondrian Investment Partners LTD now owns 66,287 shares of the company’s stock valued at $2,322,000 after buying an additional 65,325 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of Barnes Group during the first quarter valued at about $203,000. Hedge funds and other institutional investors own 83.55% of the company’s stock.
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.
Receive News & Ratings for Barnes Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.