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Barnes Group (NYSE:B) SVP Richard R. Barnhart sold 7,100 shares of Barnes Group stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $34.61, for a total value of $245,731.00. Following the completion of the sale, the senior vice president now directly owns 41,415 shares of the company’s stock, valued at approximately $1,433,373. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

B has been the subject of a number of recent research reports. Analysts at Deutsche Bank downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 29th. 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, July 28th.

Barnes Group (NYSE:B) traded up 0.75% during mid-day trading on Tuesday, hitting $34.97. 254,811 shares of the company’s stock traded hands. Barnes Group has a one year low of $31.22 and a one year high of $40.92. The stock has a 50-day moving average of $35.83 and a 200-day moving average of $37.5. The company has a market cap of $1.901 billion and a price-to-earnings ratio of 19.15.

Barnes Group (NYSE:B) last announced its earnings results on Friday, July 25th. The company reported $0.59 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. Analysts expect that Barnes Group will post $2.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date 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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