Barnes Group Inc. (B) Director Thomas O. Barnes Sells 222 Shares of Stock
Barnes Group Inc. (NYSE:B) Director Thomas O. Barnes sold 222 shares of the company’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $46.62, for a total value of $10,349.64. The sale was disclosed in a filing with the SEC, which is available at this link.
Thomas O. Barnes also recently made the following trade(s):
- On Thursday, November 10th, Thomas O. Barnes sold 3,000 shares of Barnes Group stock. The stock was sold at an average price of $41.45, for a total value of $124,350.00.
Barnes Group Inc. (NYSE:B) opened at 46.32 on Wednesday. The stock’s 50 day moving average price is $41.29 and its 200-day moving average price is $38.13. Barnes Group Inc. has a 12 month low of $30.07 and a 12 month high of $46.97. The stock has a market cap of $2.49 billion, a PE ratio of 20.51 and a beta of 1.37.
Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. Barnes Group had a return on equity of 12.10% and a net margin of 10.33%. The company earned $312 million during the quarter, compared to analyst estimates of $315.22 million. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts anticipate that Barnes Group Inc. will post $2.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 23rd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Monday, November 21st. Barnes Group’s dividend payout ratio (DPR) is presently 23.11%.
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Separately, Zacks Investment Research raised Barnes Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Barnes Group currently has an average rating of “Buy” and an average target price of $40.17.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Foundry Partners LLC raised its position in Barnes Group by 2.0% in the third quarter. Foundry Partners LLC now owns 364,940 shares of the company’s stock worth $14,798,000 after buying an additional 7,040 shares during the period. Macquarie Group Ltd. raised its stake in Barnes Group by 28.5% in the second quarter. Macquarie Group Ltd. now owns 1,710,686 shares of the company’s stock worth $56,658,000 after buying an additional 379,076 shares during the last quarter. Palisade Capital Management LLC NJ raised its stake in Barnes Group by 10.7% in the second quarter. Palisade Capital Management LLC NJ now owns 335,493 shares of the company’s stock worth $11,112,000 after buying an additional 32,355 shares during the last quarter. Bank of Montreal Can acquired a new stake in Barnes Group during the second quarter worth approximately $4,196,000. Finally, Capstone Asset Management Co. raised its stake in Barnes Group by 1.0% in the second quarter. Capstone Asset Management Co. now owns 15,078 shares of the company’s stock worth $499,000 after buying an additional 150 shares during the last quarter. 84.43% of the stock is owned by institutional investors.
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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