News coverage about Barnes Group (NYSE:B) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barnes Group earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.0080834822642 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have issued reports on the company. Deutsche Bank AG lifted their price target on Barnes Group from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 8th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Barnes Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. lifted their price target on Barnes Group from $58.00 to $67.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price target on shares of Barnes Group in a research note on Thursday, June 8th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $62.60.
Barnes Group (NYSE B) opened at 65.81 on Friday. The stock has a 50 day moving average price of $61.32 and a 200-day moving average price of $56.51. Barnes Group has a 52 week low of $37.88 and a 52 week high of $65.96. The stock has a market cap of $3.54 billion, a P/E ratio of 23.01 and a beta of 1.43.
Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. Barnes Group had a net margin of 11.69% and a return on equity of 13.02%. The firm had revenue of $364.49 million for the quarter, compared to analysts’ expectations of $337.69 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, equities analysts anticipate that Barnes Group will post $2.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, August 22nd. Barnes Group’s payout ratio is 19.58%.
In other news, VP Marian Acker sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total transaction of $362,280.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas O. Barnes sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $59.93, for a total transaction of $119,860.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,755 shares of company stock worth $528,361. Corporate insiders own 8.50% of the company’s stock.
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Barnes Group Company Profile
Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.
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