Insider Selling: Barnes Group Inc. (B) VP Sells 6,000 Shares of Stock
Barnes Group Inc. (NYSE:B) VP Marian Acker sold 6,000 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $46.51, for a total value of $279,060.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Barnes Group Inc. (NYSE:B) traded down 0.62% during midday trading on Tuesday, hitting $46.32. The company’s stock had a trading volume of 131,483 shares. Barnes Group Inc. has a 12 month low of $30.07 and a 12 month high of $46.97. The firm has a market cap of $2.49 billion, a P/E ratio of 20.51 and a beta of 1.37. The company’s 50 day moving average price is $41.29 and its 200 day moving average price is $38.13.
Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm earned $312 million during the quarter, compared to analyst estimates of $315.22 million. Barnes Group had a return on equity of 12.10% and a net margin of 10.33%. Barnes Group’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. Analysts expect that Barnes Group Inc. will post $2.52 EPS for the current year.
The business also recently declared 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. This represents a $0.52 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, November 21st. Barnes Group’s dividend payout ratio is presently 23.11%.
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Several institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised 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 during the period. Pacad Investment Ltd. acquired a new position in shares of Barnes Group during the second quarter worth $113,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Barnes Group during the second quarter worth $116,000. Quantbot Technologies LP raised 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 during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Barnes Group during the second quarter worth $129,000. 84.43% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on B. Zacks Investment Research lowered Barnes Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Jefferies Group increased their price objective on Barnes Group from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus 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.
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