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Barnes Group (NYSE:B) Director Mylle H. Mangum sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $35.61, for a total value of $178,050.00. Following the sale, the director now directly owns 14,259 shares in the company, valued at approximately $507,763. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on B. Analysts at Deutsche Bank downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $40.00 price target on the stock, down previously from $46.00. Analysts at Jefferies Group cut their price target on shares of Barnes Group from $45.00 to $43.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Barnes Group presently has an average rating of “Hold” and a consensus price target of $41.25.

Barnes Group (NYSE:B) traded down 1.54% on Wednesday, hitting $35.17. The stock had a trading volume of 169,676 shares. Barnes Group has a 52-week low of $31.22 and a 52-week high of $40.92. The stock’s 50-day moving average is $38.04 and its 200-day moving average is $38.07. The company has a market cap of $1.925 billion and a P/E ratio of 19.70.

Barnes Group (NYSE:B) last announced its earnings results on Friday, July 25th. The company reported $0.59 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.59. The company had revenue of $322.00 million for the quarter, compared to the consensus estimate of $315.70 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts predict that Barnes Group will post $2.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, August 26th.

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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