Barnes Group Director Mylle H. Mangum Sells 10,000 Shares (B)
Barnes Group (NYSE:B) Director Mylle H. Mangum sold 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $36.85, for a total value of $368,500.00. Following the transaction, the director now directly owns 12,958 shares of the company’s stock, valued at approximately $477,502. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on B shares. Analysts at Zacks downgraded shares of Barnes Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $43.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Barnes Group from $42.00 to $46.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Barnes Group to $45.00 in a research note on Monday. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Barnes Group presently has an average rating of “Buy” and an average price target of $43.25.
Barnes Group (NYSE:B) traded up 2.50% on Wednesday, hitting $37.34. 103,754 shares of the company’s stock traded hands. Barnes Group has a 52 week low of $25.98 and a 52 week high of $40.92. The stock’s 50-day moving average is $37.80 and its 200-day moving average is $35.95. The company has a market cap of $2.016 billion and a price-to-earnings ratio of 7.41.
Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.05. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $297.54 million. Analysts expect that Barnes Group will post $2.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Thursday, February 27th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, February 25th.
Barnes Group Inc (NYSE:B) is an international aerospace and industrial manufacturer and service provider, serving a range of end markets and customers.
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