Christopher J. Stephens Sells 23,039 Shares of Barnes Group Inc. (B) Stock
Barnes Group Inc. (NYSE:B) SVP Christopher J. Stephens sold 23,039 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $38.76, for a total transaction of $892,991.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Barnes Group Inc. (NYSE:B) opened at 39.48 on Thursday. Barnes Group Inc. has a 1-year low of $30.07 and a 1-year high of $41.86. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 18.04 and a beta of 1.54. The firm has a 50-day moving average of $40.37 and a 200-day moving average of $36.03.
Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $307 million for the quarter, compared to analyst estimates of $308.71 million. Barnes Group had a net margin of 10.18% and a return on equity of 11.69%. Barnes Group’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. Equities research analysts anticipate that Barnes Group Inc. will post $2.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 25th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.32%. Barnes Group’s dividend payout ratio is presently 23.74%.
A number of hedge funds and other institutional investors have recently bought and sold shares of B. Pacad Investment Ltd. acquired a new position in Barnes Group during the second quarter worth approximately $113,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Barnes Group during the second quarter worth about $116,000. BlackRock Inc. raised its position in shares of Barnes Group by 126.2% in the first quarter. BlackRock Inc. now owns 3,684 shares of the company’s stock worth $129,000 after buying an additional 2,055 shares during the period. Quantbot Technologies LP raised its position in shares of Barnes Group by 59.5% in the second quarter. Quantbot Technologies LP now owns 3,763 shares of the company’s stock worth $124,000 after buying an additional 1,404 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Barnes Group during the second quarter worth about $129,000. Institutional investors own 83.55% of the company’s stock.
A number of research analysts recently weighed in on the stock. Jefferies Group raised their price target on shares of Barnes Group from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Zacks Investment Research lowered shares of Barnes Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.83.
About Barnes Group
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.
Receive News & Ratings for Barnes Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.