Barnes Group Inc. (NYSE:B) Director Sells $152,625.00 in Stock

Barnes Group Inc. (NYSE:B) Director Thomas O. Barnes sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $61.05, for a total value of $152,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas O. Barnes also recently made the following trade(s):

  • On Monday, August 26th, Thomas O. Barnes sold 465 shares of Barnes Group stock. The shares were sold at an average price of $43.15, for a total value of $20,064.75.

Shares of NYSE B opened at $60.45 on Friday. The stock has a fifty day simple moving average of $54.11 and a two-hundred day simple moving average of $52.53. Barnes Group Inc. has a 1-year low of $42.39 and a 1-year high of $62.19. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.43. The company has a current ratio of 2.23, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71.

Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, October 25th. The industrial products company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.11. Barnes Group had a return on equity of 13.61% and a net margin of 10.38%. The business had revenue of $372.60 million during the quarter, compared to analyst estimates of $377.42 million. During the same period in the prior year, the company earned $0.78 earnings per share. Barnes Group’s revenue was up .8% compared to the same quarter last year. Analysts forecast that Barnes Group Inc. will post 3.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.06%. The ex-dividend date is Monday, November 25th. Barnes Group’s dividend payout ratio (DPR) is 19.88%.

A number of hedge funds and other institutional investors have recently made changes to their positions in B. Doyle Wealth Management bought a new position in Barnes Group during the second quarter valued at $28,000. Parallel Advisors LLC grew its holdings in Barnes Group by 226.2% during the third quarter. Parallel Advisors LLC now owns 672 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 466 shares during the period. First Mercantile Trust Co. bought a new position in Barnes Group during the third quarter valued at $51,000. LS Investment Advisors LLC grew its holdings in Barnes Group by 41.0% during the third quarter. LS Investment Advisors LLC now owns 1,990 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 579 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in Barnes Group by 37.5% during the second quarter. AdvisorNet Financial Inc now owns 1,860 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 507 shares during the period. 85.74% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on B shares. ValuEngine raised Barnes Group from a “sell” rating to a “hold” rating in a report on Saturday, September 14th. Zacks Investment Research lowered 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. UBS Group upped their target price on Barnes Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Oppenheimer set a $65.00 price objective on Barnes Group and gave the company a “buy” rating in a report on Friday, October 25th. Finally, SunTrust Banks reissued a “sell” rating and set a $49.00 price objective on shares of Barnes Group in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $58.67.

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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