Thomas O. Barnes Sells 2,000 Shares of Barnes Group, Inc. (NYSE:B) Stock
Barnes Group, Inc. (NYSE:B) Director Thomas O. Barnes sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.93, for a total value of $119,860.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Thomas O. Barnes also recently made the following trade(s):
- On Thursday, May 25th, Thomas O. Barnes sold 1,000 shares of Barnes Group stock. The shares were sold at an average price of $56.06, for a total value of $56,060.00.
Shares of Barnes Group, Inc. (NYSE B) traded up 2.39% during midday trading on Monday, hitting $60.08. The company’s stock had a trading volume of 192,339 shares. Barnes Group, Inc. has a 52-week low of $37.88 and a 52-week high of $62.37. The firm has a market cap of $3.23 billion, a P/E ratio of 21.01 and a beta of 1.43. The stock’s 50 day moving average is $59.69 and its 200-day moving average is $54.25.
Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $364.49 million during the quarter, compared to analyst estimates of $337.69 million. Barnes Group had a net margin of 11.69% and a return on equity of 13.02%. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. Equities analysts predict that Barnes Group, Inc. will post $2.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders 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 dividend yield of 0.95%. Barnes Group’s dividend payout ratio (DPR) is currently 19.58%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tyers Asset Management LLC raised its position in shares of Barnes Group by 0.7% in the first quarter. Tyers Asset Management LLC now owns 33,066 shares of the industrial products company’s stock valued at $1,697,000 after buying an additional 220 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Barnes Group by 6.2% in the first quarter. Great West Life Assurance Co. Can now owns 70,811 shares of the industrial products company’s stock valued at $3,632,000 after buying an additional 4,158 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 valued at $993,000 after buying an additional 99 shares during the period. Wells Fargo & Company MN raised its position in shares of Barnes Group by 20.9% in the first quarter. Wells Fargo & Company MN now owns 156,307 shares of the industrial products company’s stock valued at $8,025,000 after buying an additional 26,992 shares during the period. Finally, Dubuque Bank & Trust Co. bought a new position in shares of Barnes Group during the first quarter valued at about $216,000. Institutional investors own 83.53% of the company’s stock.
Several analysts have issued reports on B shares. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Barnes Group from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 target price on shares of Barnes Group in a research note on Tuesday, May 2nd. Sidoti lowered Barnes Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. increased their target price on Barnes Group from $58.00 to $67.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $58.20.
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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