Thomas O. Barnes Sells 222 Shares of Barnes Group Inc. (B) Stock
Barnes Group Inc. (NYSE:B) Director Thomas O. Barnes sold 222 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $46.62, for a total transaction of $10,349.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
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 stock was sold at an average price of $41.45, for a total transaction of $124,350.00.
Barnes Group Inc. (NYSE:B) opened at 46.20 on Thursday. The stock’s 50 day moving average is $41.29 and its 200 day moving average is $38.13. The company has a market cap of $2.49 billion, a P/E ratio of 20.46 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 earnings results on Friday, October 28th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business 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 firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. On average, equities analysts forecast that Barnes Group Inc. 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. Investors of record on Wednesday, November 23rd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, November 21st. Barnes Group’s dividend payout ratio (DPR) is currently 23.11%.
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Separately, Zacks Investment Research lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $40.17.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Barnes Group by 0.3% in the third quarter. US Bancorp DE now owns 24,109 shares of the company’s stock worth $978,000 after buying an additional 63 shares during the period. Amalgamated Bank increased its position in Barnes Group by 1.7% in the second quarter. Amalgamated Bank now owns 5,984 shares of the company’s stock worth $243,000 after buying an additional 102 shares during the period. Capstone Asset Management Co. increased its position in Barnes Group by 1.0% in the second quarter. Capstone Asset Management Co. now owns 15,078 shares of the company’s stock worth $499,000 after buying an additional 150 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Barnes Group by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,200 shares of the company’s stock worth $454,000 after buying an additional 180 shares during the period. Finally, Arizona State Retirement System increased its position in Barnes Group by 0.8% in the second quarter. Arizona State Retirement System now owns 26,226 shares of the company’s stock worth $869,000 after buying an additional 200 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.
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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