Barnes Group, Inc. (B) Director Sells $46,221.10 in Stock
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%.
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.
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