Barnes Group Inc. (B) Director Thomas O. Barnes Sells 222 Shares
Barnes Group Inc. (NYSE:B) Director Thomas O. Barnes sold 222 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $46.62, for a total transaction of $10,349.64. The transaction was disclosed in a filing with the SEC, which is accessible through 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 shares were sold at an average price of $41.45, for a total transaction of $124,350.00.
Shares of Barnes Group Inc. (NYSE:B) traded down 0.62% during mid-day trading on Tuesday, hitting $46.32. 131,483 shares of the stock were exchanged. The stock’s 50 day moving average is $41.29 and its 200-day moving average is $38.13. The stock has a market cap of $2.49 billion, a PE ratio of 20.51 and a beta of 1.37. Barnes Group Inc. has a 12 month low of $30.07 and a 12 month high of $46.97.
Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, October 28th. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. Barnes Group had a net margin of 10.33% and a return on equity of 12.10%. The company earned $312 million during the quarter, compared to analyst estimates of $315.22 million. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Barnes Group Inc. will post $2.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 23rd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Monday, November 21st. Barnes Group’s dividend payout ratio (DPR) is presently 23.11%.
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B has been the subject of a number of analyst reports. Jefferies Group raised their price objective 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 upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.17.
Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Barnes Group by 148.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,698 shares of the company’s stock worth $109,000 after buying an additional 1,613 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of 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 approximately $116,000. Quantbot Technologies LP increased 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 in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Barnes Group during the second quarter worth approximately $129,000. 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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