Thomas O. Barnes Sells 1,500 Shares of Barnes Group, Inc. (B) Stock
Barnes Group, Inc. (NYSE:B) Director Thomas O. Barnes sold 1,500 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $66.36, for a total value of $99,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Thomas O. Barnes also recently made the following trade(s):
- On Wednesday, August 30th, Thomas O. Barnes sold 755 shares of Barnes Group stock. The stock was sold at an average price of $61.22, for a total value of $46,221.10.
- On Thursday, August 10th, Thomas O. Barnes sold 2,000 shares of Barnes Group stock. The shares were sold at an average price of $59.93, for a total value of $119,860.00.
Shares of Barnes Group, Inc. (B) opened at $64.14 on Wednesday. Barnes Group, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $72.87. The firm has a market capitalization of $3,531.86, a P/E ratio of 23.12, a PEG ratio of 2.31 and a beta of 1.37. The company has a quick ratio of 1.45, a current ratio of 2.20 and a debt-to-equity ratio of 0.37.
Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.03). The firm had revenue of $357.16 million during the quarter, compared to the consensus estimate of $351.01 million. Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. research analysts anticipate that Barnes Group, Inc. will post 2.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.56 annualized dividend and a dividend yield of 0.87%. Barnes Group’s dividend payout ratio is presently 19.72%.
B has been the subject of several recent research reports. SunTrust Banks, Inc. reissued a “hold” rating and set a $60.00 price target on shares of Barnes Group in a report on Thursday, October 12th. Deutsche Bank AG upped their price objective on Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. upped their price objective on Barnes Group from $58.00 to $67.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Finally, BidaskClub lowered Barnes Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Barnes Group currently has a consensus rating of “Buy” and a consensus price target of $65.60.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. grew its position in shares of Barnes Group by 40.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 30,227 shares of the industrial products company’s stock valued at $1,552,000 after acquiring an additional 8,778 shares during the period. Vanguard Group Inc. boosted its holdings in Barnes Group by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 4,532,470 shares of the industrial products company’s stock worth $232,698,000 after buying an additional 235,065 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Barnes Group by 5.6% in the 1st quarter. Geode Capital Management LLC now owns 385,058 shares of the industrial products company’s stock worth $19,768,000 after buying an additional 20,270 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Barnes Group by 9.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 297,561 shares of the industrial products company’s stock worth $15,277,000 after buying an additional 24,664 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Barnes Group by 4.4% during the 1st quarter. State Street Corp now owns 1,240,557 shares of the industrial products company’s stock worth $63,691,000 after purchasing an additional 52,554 shares during the last quarter. Institutional investors and hedge funds own 86.98% 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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