The Mason Street Advisors LLC Acquires 9,866 Shares of Barnes Group Inc. (B)

The Mason Street Advisors LLC Acquires 9,866  Shares of Barnes Group Inc. (B)

Mason Street Advisors LLC acquired a new stake in shares of Barnes Group Inc. (NYSE:B) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,866 shares of the company’s stock, valued at approximately $327,000.

A number of other hedge funds have also added to or reduced their stakes in B. Mesirow Financial Investment Management Equity Management bought a new position in Barnes Group during the second quarter worth approximately $21,825,000. Foundry Partners LLC bought a new position in Barnes Group during the second quarter worth approximately $11,854,000. Dimensional Fund Advisors LP raised its position in Barnes Group by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,345,611 shares of the company’s stock worth $110,804,000 after buying an additional 244,204 shares during the period. Vanguard Group Inc. raised its position in Barnes Group by 5.7% in the second quarter. Vanguard Group Inc. now owns 3,966,594 shares of the company’s stock worth $131,374,000 after buying an additional 212,741 shares during the period. Finally, Henderson Group PLC raised its position in Barnes Group by 57.6% in the second quarter. Henderson Group PLC now owns 581,073 shares of the company’s stock worth $19,245,000 after buying an additional 212,385 shares during the period. Hedge funds and other institutional investors own 83.55% of the company’s stock.

Shares of Barnes Group Inc. (NYSE:B) opened at 39.18 on Friday. The firm has a market cap of $2.11 billion, a P/E ratio of 17.90 and a beta of 1.47. The firm has a 50 day moving average price of $40.30 and a 200-day moving average price of $36.47. Barnes Group Inc. has a one year low of $30.07 and a one year high of $41.86.

Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Barnes Group had a return on equity of 11.69% and a net margin of 10.18%. The business had revenue of $307 million for the quarter, compared to the consensus estimate of $308.71 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. Barnes Group’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts forecast that Barnes Group Inc. will post $2.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors 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 annualized dividend and a yield of 1.33%. Barnes Group’s payout ratio is 23.74%.

A number of equities analysts have commented on B shares. Zacks Investment Research upgraded Barnes Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Jefferies Group raised their price objective on Barnes Group from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $40.17.

In related news, SVP Christopher J. Stephens sold 23,039 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $38.76, for a total value of $892,991.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Dawn N. Edwards sold 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $40.24, for a total value of $229,368.00. The disclosure for this sale can be found here. 7.80% of the stock is owned by corporate insiders.

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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