Shares of Barnes Group, Inc. (NYSE:B) have received an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $56.00.

A number of research analysts have issued reports on B shares. Zacks Investment Research cut shares of Barnes Group from a “buy” rating to a “hold” rating in a report on Friday, May 19th. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC increased their price target on shares of Barnes Group from $46.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, April 4th. Finally, Sidoti lowered shares of Barnes Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 24th.

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Shares of Barnes Group (NYSE B) opened at 60.25 on Tuesday. The firm has a market capitalization of $3.24 billion, a PE ratio of 22.74 and a beta of 1.43. Barnes Group has a 52-week low of $36.19 and a 52-week high of $62.23. The stock’s 50 day moving average price is $59.16 and its 200-day moving average price is $53.07.

Barnes Group (NYSE:B) last issued its earnings results on Friday, April 28th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. Barnes Group had a net margin of 11.30% and a return on equity of 12.49%. The company had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $314.81 million. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. Equities research analysts anticipate that Barnes Group will post $2.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 24th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.93%. Barnes Group’s dividend payout ratio (DPR) is currently 21.13%.

In related news, Director Hassell H. Mcclellan sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $56.00, for a total transaction of $112,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mylle H. Mangum sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $53.91, for a total transaction of $161,730.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,250 shares of company stock worth $1,552,653. 8.50% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in B. Miles Capital Inc. raised its position in shares of Barnes Group by 1.7% in the first quarter. Miles Capital Inc. now owns 4,389 shares of the industrial products company’s stock worth $225,000 after buying an additional 74 shares during the period. Bank of Montreal Can raised its position in shares of Barnes Group by 1.0% in the second quarter. Bank of Montreal Can now owns 8,204 shares of the industrial products company’s stock worth $480,000 after buying an additional 81 shares during the period. LS Investment Advisors LLC raised its position in shares of Barnes Group by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,942 shares of the industrial products company’s stock worth $114,000 after buying an additional 85 shares during the period. Jennison Associates LLC raised its position in shares of Barnes Group by 0.5% in the first quarter. Jennison Associates LLC now owns 19,338 shares of the industrial products company’s stock worth $993,000 after buying an additional 99 shares during the period. Finally, Ironwood Investment Management LLC raised its position in shares of Barnes Group by 0.4% in the first quarter. Ironwood Investment Management LLC now owns 35,230 shares of the industrial products company’s stock worth $1,809,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 85.71% of the company’s stock.

Barnes Group Company Profile

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

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