Shares of Barnes Group Inc. (NYSE:B) have been given an average rating of “Hold” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $60.67.

A number of equities research analysts recently commented on B shares. UBS Group dropped their price objective on shares of Barnes Group from $60.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. SunTrust Banks lowered shares of Barnes Group from a “hold” rating to a “sell” rating and reduced their target price for the stock from $53.00 to $48.00 in a research note on Friday, June 14th. ValuEngine cut Barnes Group from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Zacks Investment Research cut Barnes Group from a “hold” rating to a “sell” rating and set a $55.00 target price for the company. in a report on Thursday, August 1st. Finally, Alembic Global Advisors started coverage on Barnes Group in a research note on Friday, May 17th. They issued an “overweight” rating and a $67.00 price target on the stock.

Shares of B stock traded up $1.33 on Friday, reaching $51.87. The company had a trading volume of 9,252 shares, compared to its average volume of 200,856. The stock has a market cap of $2.46 billion, a PE ratio of 16.01, a PEG ratio of 2.21 and a beta of 1.46. The company has a 50-day moving average of $46.79 and a 200-day moving average of $52.72. The company has a current ratio of 2.13, a quick ratio of 1.43 and a debt-to-equity ratio of 0.73. Barnes Group has a 12 month low of $42.39 and a 12 month high of $72.70.

Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, July 26th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Barnes Group had a net margin of 9.95% and a return on equity of 13.20%. The firm had revenue of $371.70 million during the quarter, compared to analyst estimates of $387.29 million. During the same period last year, the firm earned $0.90 EPS. Barnes Group’s quarterly revenue was down 1.0% on a year-over-year basis. Sell-side analysts anticipate that Barnes Group will post 3.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.64 annualized dividend and a dividend yield of 1.23%. Barnes Group’s dividend payout ratio is presently 19.88%.

In other Barnes Group news, VP Marian Acker sold 2,274 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $45.43, for a total transaction of $103,307.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mylle H. Mangum sold 1,000 shares of Barnes Group stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $51.89, for a total value of $51,890.00. The disclosure for this sale can be found here. Insiders have sold 3,739 shares of company stock valued at $175,263 in the last quarter. 8.35% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Doyle Wealth Management bought a new position in Barnes Group in the 2nd quarter valued at approximately $28,000. AdvisorNet Financial Inc raised its position in Barnes Group by 37.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,860 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 507 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Barnes Group during the 2nd quarter worth $134,000. NumerixS Investment Technologies Inc bought a new position in Barnes Group during the 1st quarter worth $176,000. Finally, Stone Ridge Asset Management LLC acquired a new position in Barnes Group during the 2nd quarter worth about $212,000. Institutional investors own 85.86% of the company’s stock.

About Barnes Group

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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