Shares of Barnes Group Inc. (NYSE:B) have been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $39.75.
A number of equities analysts have issued reports on B shares. Zacks Investment Research downgraded Barnes Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Jefferies Group raised their target price on Barnes Group from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, August 1st.
Barnes Group (NYSE:B) opened at 46.97 on Wednesday. The stock’s 50 day moving average price is $41.07 and its 200 day moving average price is $37.97. Barnes Group has a 52-week low of $30.07 and a 52-week high of $46.97. The company has a market cap of $2.53 billion, a P/E ratio of 20.80 and a beta of 1.37.
Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $312 million for the quarter, compared to the consensus estimate of $315.22 million. Barnes Group had a return on equity of 12.10% and a net margin of 10.33%. Barnes Group’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. Analysts expect that Barnes Group will post $2.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Wednesday, November 23rd will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 1.11%. Barnes Group’s dividend payout ratio (DPR) is presently 23.11%.
In related news, Director Thomas O. Barnes sold 730 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $41.46, for a total value of $30,265.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher J. Stephens sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $46.22, for a total value of $462,200.00. The disclosure for this sale can be found here. 7.80% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in Barnes Group by 0.3% in the third quarter. US Bancorp DE now owns 24,109 shares of the company’s stock valued at $978,000 after buying an additional 63 shares in the last quarter. Amalgamated Bank boosted its stake in Barnes Group by 1.7% in the second quarter. Amalgamated Bank now owns 5,984 shares of the company’s stock valued at $243,000 after buying an additional 102 shares in the last quarter. Capstone Asset Management Co. boosted 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 valued at $499,000 after buying an additional 150 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Barnes Group by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,200 shares of the company’s stock valued at $454,000 after buying an additional 180 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Barnes Group by 0.8% in the second quarter. Arizona State Retirement System now owns 26,226 shares of the company’s stock valued at $869,000 after buying an additional 200 shares in the last quarter. 85.15% of the stock is owned by hedge funds and other institutional investors.