Somewhat Positive Press Coverage Somewhat Unlikely to Impact Barnes Group (NYSE:B) Share Price
News stories about Barnes Group (NYSE:B) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barnes Group earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.5606454869623 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Barnes Group, Inc. breached its 50 day moving average in a Bearish Manner : B-US : August 11, 2017 (finance.yahoo.com)
- Barnes Group Inc Shares Up 22.4% Since SmarTrend’s Buy Recommendation (B) (mysmartrend.com)
- Global Resin Capsule Market 2017- Sika AG, Orica Limited, Barnes Group Inc, Dywidag-Systems International, Rawlplug (sbwire.com)
- Comfort Systems USA (FIX) & Barnes Group (B) Head-To-Head Contrast (americanbankingnews.com)
Several analysts have commented on B shares. Sidoti lowered shares of Barnes Group from a “buy” rating to a “neutral” rating in a report on Monday, April 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 target price on shares of Barnes Group in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of Barnes Group from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Wednesday, May 3rd. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded shares of Barnes Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.20.
Shares of Barnes Group (NYSE B) traded down 0.90% during trading on Friday, hitting $58.68. 422,183 shares of the company’s stock were exchanged. Barnes Group has a one year low of $37.88 and a one year high of $62.37. The stock has a market cap of $3.16 billion, a P/E ratio of 20.52 and a beta of 1.43. The firm has a 50-day moving average price of $59.69 and a 200-day moving average price of $54.25.
Barnes Group (NYSE:B) last posted its earnings results on Friday, July 28th. The industrial products company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. Barnes Group had a net margin of 11.69% and a return on equity of 13.02%. The company had revenue of $364.49 million during the quarter, compared to analysts’ expectations of $337.69 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. Barnes Group’s revenue for the quarter was up 18.8% compared to the same quarter last year. Equities research analysts expect that Barnes Group will post $2.89 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 is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.95%. Barnes Group’s payout ratio is 19.58%.
In related news, VP Marian Acker sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total transaction of $362,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas O. Barnes sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $56.06, for a total transaction of $56,060.00. The disclosure for this sale can be found here. Insiders have sold 9,000 shares of company stock valued at $530,340 in the last three months. 8.50% of the stock is currently owned by corporate insiders.
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.
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