ValuEngine cut shares of Barnes Group (NYSE:B) from a hold rating to a sell rating in a report issued on Saturday morning, ValuEngine reports.

B has been the subject of a number of other research reports. UBS Group reduced their price target on Barnes Group from $60.00 to $56.00 and set a neutral rating for the company in a research report on Tuesday, July 30th. Alembic Global Advisors began coverage on Barnes Group in a research report on Friday, May 17th. They issued an overweight rating and a $67.00 price target for the company. Zacks Investment Research cut Barnes Group from a hold rating to a sell rating and set a $55.00 price target for the company. in a research report on Thursday, August 1st. Finally, SunTrust Banks cut Barnes Group from a hold rating to a sell rating and reduced their price target for the stock from $53.00 to $48.00 in a research report on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Barnes Group presently has an average rating of Hold and a consensus price target of $60.67.

Shares of B opened at $44.98 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.43 and a current ratio of 2.13. The stock has a 50-day moving average of $52.20. The stock has a market capitalization of $2.29 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.06 and a beta of 1.40. Barnes Group has a 52 week low of $44.29 and a 52 week high of $72.70.

Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, July 26th. The industrial products company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). The company had revenue of $371.70 million during the quarter, compared to analysts’ expectations of $387.29 million. Barnes Group had a return on equity of 13.20% and a net margin of 9.95%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. Equities research analysts forecast that Barnes Group will post 3.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, August 23rd. Barnes Group’s dividend payout ratio is currently 19.88%.

In related news, Director Mylle H. Mangum sold 1,000 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $51.89, for a total transaction of $51,890.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary G. Benanav sold 12,500 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $55.86, for a total value of $698,250.00. The disclosure for this sale can be found here. Company insiders own 8.35% of the company’s stock.

Several large investors have recently added to or reduced their stakes in B. Arizona State Retirement System boosted its stake in Barnes Group by 0.3% during the first quarter. Arizona State Retirement System now owns 72,884 shares of the industrial products company’s stock valued at $3,747,000 after buying an additional 193 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Barnes Group by 1.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,581 shares of the industrial products company’s stock valued at $1,047,000 after buying an additional 300 shares during the last quarter. Creative Planning boosted its stake in Barnes Group by 4.8% during the first quarter. Creative Planning now owns 8,047 shares of the industrial products company’s stock valued at $414,000 after buying an additional 366 shares during the last quarter. Amalgamated Bank boosted its stake in Barnes Group by 6.5% during the fourth quarter. Amalgamated Bank now owns 6,990 shares of the industrial products company’s stock valued at $375,000 after buying an additional 428 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in Barnes Group by 4.0% during the first quarter. Bbva Compass Bancshares Inc. now owns 11,519 shares of the industrial products company’s stock valued at $592,000 after buying an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

Barnes Group Company Profile

Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.

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Analyst Recommendations for Barnes Group (NYSE:B)

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