Barnes Group (B) Earns News Impact Score of 0.12
News coverage about Barnes Group (NYSE:B) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Barnes Group earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 43.798962241752 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Barnes Group, Inc. (B) Upgraded to Buy at ValuEngine (americanbankingnews.com)
- Mold making, cooling, gating for LSR discussed (plasticsnews.com)
- Barnes Group, Inc. (NYSE:B) Trading Up – Short Interest Up by 22.68% (highlightpress.com)
- $351.30 Million in Sales Expected for Barnes Group, Inc. (B) This Quarter (americanbankingnews.com)
- Barnes Group, Inc. (B) Director Sells $46,221.10 in Stock (americanbankingnews.com)
Barnes Group (NYSE B) opened at 62.58 on Monday. The company has a market cap of $3.37 billion, a PE ratio of 21.88 and a beta of 1.43. The company has a 50-day moving average of $60.40 and a 200 day moving average of $55.60. Barnes Group has a 12 month low of $37.88 and a 12 month high of $62.84.
Barnes Group (NYSE:B) last issued its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. The company had revenue of $364.49 million for the quarter, compared to the consensus estimate of $337.69 million. Barnes Group had a net margin of 11.69% and a return on equity of 13.02%. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 earnings per share. On average, equities analysts forecast that Barnes Group will post $2.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 24th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.89%. Barnes Group’s dividend payout ratio (DPR) is presently 19.58%.
A number of equities analysts have weighed in on B shares. BidaskClub raised Barnes Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday. Oppenheimer Holdings, Inc. upped their price target on shares of Barnes Group from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price target on shares of Barnes Group in a report on Thursday, June 8th. Finally, Zacks Investment Research downgraded Barnes Group from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.20.
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In related news, Director Thomas O. Barnes sold 755 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $61.22, for a total transaction of $46,221.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Marian Acker sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total transaction of $362,280.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,755 shares of company stock valued at $528,361. Corporate insiders own 8.50% of the company’s stock.
About Barnes Group
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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