Barnes Group Inc. (NYSE:B) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $42.00.
B has been the topic of several recent research reports. Wells Fargo & Company upped their price target on shares of Barnes Group from $9.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, January 27th. TheStreet upgraded shares of Barnes Group from a “c+” rating to a “b-” rating in a research report on Tuesday, March 16th. Finally, DA Davidson upped their price target on shares of Barnes Group from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, February 22nd.
Hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in Barnes Group in the 3rd quarter valued at about $28,000. Duncker Streett & Co. Inc. acquired a new stake in Barnes Group in the 4th quarter valued at about $71,000. Veriti Management LLC purchased a new stake in shares of Barnes Group in the 4th quarter valued at approximately $87,000. Nisa Investment Advisors LLC grew its stake in shares of Barnes Group by 40.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,270 shares of the industrial products company’s stock valued at $115,000 after buying an additional 650 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Barnes Group in the 4th quarter valued at approximately $201,000. Institutional investors own 86.03% of the company’s stock.
Barnes Group (NYSE:B) last posted its quarterly earnings results on Thursday, February 18th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Barnes Group had a net margin of 7.19% and a return on equity of 8.63%. The company had revenue of $289.10 million for the quarter, compared to analyst estimates of $285.34 million. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was down 21.9% on a year-over-year basis. As a group, research analysts anticipate that Barnes Group will post 1.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Thursday, February 25th were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, February 24th. This represents a $0.64 dividend on an annualized basis and a yield of 1.27%. Barnes Group’s payout ratio is 19.94%.
About Barnes Group
Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
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