Susquehanna International Group LLP bought a new stake in Barnes Group Inc. (NYSE:B) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,401 shares of the industrial products company’s stock, valued at approximately $1,600,000. Susquehanna International Group LLP owned about 0.06% of Barnes Group as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of B. Geode Capital Management LLC raised its position in shares of Barnes Group by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 508,810 shares of the industrial products company’s stock valued at $27,282,000 after buying an additional 36,657 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Barnes Group in the first quarter valued at about $375,000. California Public Employees Retirement System grew its holdings in shares of Barnes Group by 5.2% in the first quarter. California Public Employees Retirement System now owns 87,025 shares of the industrial products company’s stock valued at $4,474,000 after purchasing an additional 4,333 shares during the period. Mason Street Advisors LLC grew its holdings in shares of Barnes Group by 3.5% in the first quarter. Mason Street Advisors LLC now owns 15,174 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 515 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Barnes Group by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,281 shares of the industrial products company’s stock valued at $940,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 85.83% of the company’s stock.
A number of brokerages recently issued reports on B. UBS Group dropped their price objective on shares of Barnes Group from $60.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Zacks Investment Research lowered shares of Barnes Group from a “hold” rating to a “sell” rating and set a $55.00 target price for the company. in a research note on Thursday, August 1st. SunTrust Banks lowered shares of Barnes Group from a “hold” rating to a “sell” rating and lowered their target price for the stock from $53.00 to $48.00 in a research note on Friday, June 14th. Finally, ValuEngine raised shares of Barnes Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.67.
B stock traded up $0.67 during midday trading on Wednesday, reaching $53.73. 298,601 shares of the company were exchanged, compared to its average volume of 214,192. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.43 and a current ratio of 2.13. Barnes Group Inc. has a 1-year low of $42.39 and a 1-year high of $72.12. The stock’s 50-day simple moving average is $47.53 and its 200 day simple moving average is $52.44. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46.
Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, July 26th. The industrial products company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.03). Barnes Group had a return on equity of 13.20% and a net margin of 9.95%. The company had revenue of $371.70 million for the quarter, compared to analyst estimates of $387.29 million. During the same period in the previous year, the business posted $0.90 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, research analysts anticipate that Barnes Group Inc. will post 3.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.19%. Barnes Group’s payout ratio is currently 19.88%.
Barnes Group 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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