Insider Selling: Dawn N. Edwards Unloads 8,300 Shares of Barnes Group Stock (B)
Barnes Group (NYSE:B) SVP Dawn N. Edwards sold 8,300 shares of the company’s stock on the open market in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $38.24, for a total value of $317,392.00. Following the transaction, the senior vice president now directly owns 61,966 shares in the company, valued at approximately $2,369,580. The transaction was disclosed in a filing with the SEC, which is available at this link.
Barnes Group (NYSE:B) traded down 0.16% during mid-day trading on Monday, hitting $38.05. The stock had a trading volume of 206,220 shares. Barnes Group has a one year low of $28.22 and a one year high of $40.92. The stock has a 50-day moving average of $38.58 and a 200-day moving average of $37.60. The company has a market cap of $2.063 billion and a price-to-earnings ratio of 7.51.
Barnes Group (NYSE:B) last released its earnings data on Friday, April 25th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.02. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $306.34 million. During the same quarter last year, the company posted $0.40 earnings per share. Barnes Group’s revenue was up 18.4% compared to the same quarter last year. Analysts expect that Barnes Group will post $2.26 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Barnes Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 25th. 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, February 24th. 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, February 24th. 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 company. The stock currently has an average rating of “Buy” and an average target price of $43.25.
Barnes Group Inc (NYSE:B) is an international aerospace and industrial manufacturer and service provider, serving a range of end markets and customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.