Barnes Group, Inc. (NYSE:B) Director Thomas O. Barnes sold 755 shares of Barnes Group stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $61.22, for a total value of $46,221.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Thomas O. Barnes also recently made the following trade(s):

  • On Thursday, August 10th, Thomas O. Barnes sold 2,000 shares of Barnes Group stock. The shares were sold at an average price of $59.93, for a total value of $119,860.00.

Shares of Barnes Group, Inc. (B) traded up 0.8742% during trading on Thursday, hitting $62.2999. The company had a trading volume of 87,458 shares. Barnes Group, Inc. has a 12-month low of $37.88 and a 12-month high of $62.44. The firm has a 50 day moving average of $60.11 and a 200 day moving average of $55.11. The stock has a market cap of $3.35 billion, a PE ratio of 21.7832 and a beta of 1.43.

Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. The company had revenue of $364.49 million for the quarter, compared to the consensus estimate of $337.69 million. Barnes Group had a return on equity of 13.02% and a net margin of 11.69%. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. On average, analysts forecast that Barnes Group, Inc. will post $2.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 24th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Tuesday, August 22nd. Barnes Group’s dividend payout ratio (DPR) is currently 19.58%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. boosted its stake in Barnes Group by 5.9% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the industrial products company’s stock worth $105,000 after buying an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Barnes Group during the second quarter worth approximately $109,000. LS Investment Advisors LLC boosted its stake in Barnes Group by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,942 shares of the industrial products company’s stock worth $114,000 after buying an additional 85 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Barnes Group by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the industrial products company’s stock worth $122,000 after buying an additional 188 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in Barnes Group by 16.0% in the second quarter. Acrospire Investment Management LLC now owns 2,178 shares of the industrial products company’s stock worth $127,000 after buying an additional 300 shares in the last quarter. 85.28% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Barnes Group from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Monday, May 22nd. BidaskClub cut Barnes Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price target on shares of Barnes Group in a research report on Thursday, June 8th. Finally, Oppenheimer Holdings, Inc. lifted their price target on Barnes Group from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $58.20.

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.

Insider Buying and Selling by Quarter for Barnes Group (NYSE:B)

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