Barnes Group Inc. (NYSE:B) has earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $71.40.

Several research firms have issued reports on B. DA Davidson set a $66.00 price target on shares of Barnes Group and gave the stock a “hold” rating in a research report on Monday, November 19th. Zacks Investment Research raised shares of Barnes Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 14th. SunTrust Banks decreased their price objective on shares of Barnes Group from $63.00 to $61.00 and set a “hold” rating on the stock in a report on Monday, October 29th. ValuEngine downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. Finally, Oppenheimer upped their price objective on shares of Barnes Group from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, September 25th.

NYSE B opened at $55.72 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.27. Barnes Group has a 1 year low of $52.42 and a 1 year high of $72.70. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.47 and a beta of 1.53.

Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, October 26th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). Barnes Group had a return on equity of 13.39% and a net margin of 4.60%. The firm had revenue of $369.80 million for the quarter, compared to the consensus estimate of $379.27 million. During the same period last year, the company posted $0.66 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Barnes Group will post 3.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 27th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, November 26th. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. Barnes Group’s dividend payout ratio (DPR) is presently 22.22%.

In related news, Director Hassell H. Mcclellan sold 1,400 shares of the company’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $58.25, for a total value of $81,550.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas O. Barnes sold 770 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $59.28, for a total transaction of $45,645.60. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new stake in Barnes Group during the third quarter worth about $167,000. Tower Research Capital LLC TRC acquired a new stake in Barnes Group during the second quarter worth about $184,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Barnes Group during the third quarter worth about $216,000. Janney Montgomery Scott LLC acquired a new stake in Barnes Group during the second quarter worth about $226,000. Finally, Visionary Asset Management Inc. acquired a new stake in Barnes Group during the third quarter worth about $227,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

About Barnes Group

Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.

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Analyst Recommendations for Barnes Group (NYSE:B)

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