Shares of Barnes Group Inc. (NYSE:B) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $39.75.

Several brokerages have issued reports on B. Zacks Investment Research downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Jefferies Group increased their price objective on shares of Barnes Group from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, August 1st.

In related news, SVP Christopher J. Stephens sold 23,039 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $38.76, for a total transaction of $892,991.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas O. Barnes sold 730 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $41.46, for a total value of $30,265.80. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in B. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $109,000 after buying an additional 1,613 shares during the period. Pacad Investment Ltd. purchased a new position in shares of Barnes Group during the second quarter valued at about $113,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Barnes Group during the second quarter valued at about $116,000. Quantbot Technologies LP boosted 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 valued at $124,000 after buying an additional 1,404 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Barnes Group by 126.2% in the first quarter. BlackRock Inc. now owns 3,684 shares of the company’s stock valued at $129,000 after buying an additional 2,055 shares during the period. Hedge funds and other institutional investors own 85.15% of the company’s stock.

Shares of Barnes Group (NYSE:B) traded up 1.30% during trading on Wednesday, hitting $46.84. 73,936 shares of the stock were exchanged. Barnes Group has a 12-month low of $30.07 and a 12-month high of $46.93. The firm has a 50 day moving average of $40.67 and a 200-day moving average of $37.81. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 20.74 and a beta of 1.37.

Barnes Group (NYSE:B) last posted its earnings results on Friday, October 28th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. The firm earned $312 million during the quarter, compared to the consensus estimate of $315.22 million. Barnes Group had a net margin of 10.33% and a return on equity of 12.10%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. On average, analysts forecast that Barnes Group will post $2.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Wednesday, November 23rd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, November 21st. Barnes Group’s dividend payout ratio (DPR) is currently 23.11%.

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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.

5 Day Chart for NYSE:B

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