Thomas O. Barnes Sells 3,000 Shares of Barnes Group Inc. (B) Stock
Barnes Group Inc. (NYSE:B) Director Thomas O. Barnes sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $41.45, for a total value of $124,350.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Thomas O. Barnes also recently made the following trade(s):
- On Monday, August 29th, Thomas O. Barnes sold 730 shares of Barnes Group stock. The stock was sold at an average price of $41.46, for a total value of $30,265.80.
Shares of Barnes Group Inc. (NYSE:B) opened at 44.18 on Wednesday. The company’s 50-day moving average price is $39.77 and its 200-day moving average price is $37.17. The firm has a market cap of $2.38 billion, a P/E ratio of 19.57 and a beta of 1.37. Barnes Group Inc. has a 12 month low of $30.07 and a 12 month high of $44.26.
Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $312 million for the quarter, compared to analysts’ expectations of $315.22 million. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts predict that Barnes Group Inc. will post $2.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors 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 yield of 1.18%. Barnes Group’s payout ratio is 23.11%.
Institutional investors have recently made changes to their positions in the stock. Verition Fund Management LLC acquired a new position in shares of Barnes Group during the third quarter valued at $219,000. Tributary Capital Management LLC boosted its position in Barnes Group by 7.3% in the third quarter. Tributary Capital Management LLC now owns 252,432 shares of the company’s stock valued at $10,236,000 after buying an additional 17,131 shares in the last quarter. Dean Investment Associates LLC boosted its position in Barnes Group by 2.6% in the third quarter. Dean Investment Associates LLC now owns 163,095 shares of the company’s stock valued at $6,614,000 after buying an additional 4,135 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Barnes Group by 54.7% in the third quarter. Panagora Asset Management Inc. now owns 39,792 shares of the company’s stock valued at $1,614,000 after buying an additional 14,069 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in Barnes Group by 8.0% in the third quarter. Moors & Cabot Inc. now owns 6,760 shares of the company’s stock valued at $271,000 after buying an additional 501 shares in the last quarter. 84.98% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on B shares. Jefferies Group boosted their price target on Barnes Group from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research raised Barnes Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday, September 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Barnes Group presently has an average rating of “Buy” and a consensus target price of $40.17.
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.
Receive News & Stock Ratings for Barnes Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group Inc. and related stocks with our FREE daily email newsletter.