Barnes Group Inc. (NYSE:B) VP Marian Acker sold 2,274 shares of the company’s stock in a transaction on Friday, August 16th. The shares were 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 Securities & Exchange Commission, which is available at this link.
Shares of Barnes Group stock opened at $45.63 on Thursday. The firm has a 50-day moving average of $50.51 and a 200-day moving average of $54.24. The stock has a market cap of $2.31 billion, a PE ratio of 14.17, a PEG ratio of 2.08 and a beta of 1.40. Barnes Group Inc. has a 52-week low of $42.81 and a 52-week high of $72.70. 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 (NYSE:B) last announced its earnings results on Friday, July 26th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.03). The business had revenue of $371.70 million during the quarter, compared to the consensus estimate of $387.29 million. Barnes Group had a net margin of 9.95% and a return on equity of 13.20%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. Equities research analysts predict that Barnes Group Inc. will post 3.14 earnings per share for the current fiscal year.
Several research firms have commented on B. Alembic Global Advisors began coverage on shares of Barnes Group in a report on Friday, May 17th. They issued an “overweight” rating and a $67.00 price objective on the stock. SunTrust Banks downgraded shares of Barnes Group from a “hold” rating to a “sell” rating and decreased their price objective for the company from $53.00 to $48.00 in a report on Friday, June 14th. ValuEngine cut shares of Barnes Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. UBS Group reduced their target price on shares of Barnes Group from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Finally, Zacks Investment Research cut 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 report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Barnes Group presently has a consensus rating of “Hold” and a consensus price target of $60.67.
Institutional investors have recently made changes to their positions in the company. Doyle Wealth Management bought a new stake in Barnes Group during the second quarter worth about $28,000. Meeder Asset Management Inc. acquired a new position in Barnes Group during the first quarter worth about $36,000. Investors Research Corp acquired a new position in Barnes Group during the first quarter worth about $36,000. AdvisorNet Financial Inc raised its stake 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 worth $105,000 after acquiring an additional 507 shares in the last quarter. Finally, Pearl River Capital LLC raised its stake in Barnes Group by 767.3% during the first quarter. Pearl River Capital LLC now owns 2,602 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 2,302 shares in the last quarter. 86.62% of the stock is owned by institutional investors.
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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